G7 agrees to review level of price cap on Russian oil in March, says US

G7 officials to review price cap on Russian oil

G7 officials have announced they will review the level of the price cap on Russian oil in March. A final decision has been postponed as the group wants more time to assess the market. The G7 plans to set two caps – one for diesel and gas oil, and another for fuel oil. The Group of Seven, the European Union and Australia had agreed to cap seaborne exports of Russian oil at $60 a barrel in December.

G7 postpones review of price cap for Russian oil to weather energy crisis

The Group of Seven (G7) countries agree to postpone reviewing the level of the price cap on Russian oil exports for further appraisal of the global market.

Western states agree to two price caps on Russian oil products – US

The EU, G7, and Australia will place two price limits on Russian oil products depending on their category, the US Treasury has said

G7 agrees to review level of price cap on Russian oil in March: US Treasury

Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, later than originally planned in order to

The US will audit the price ceiling for oil from Russia

The US, together with its allies, will assess the compliance of the price ceiling for Russian oil with current market conditions in March, the US Ministry said... RIA Novosti, 21.01.2023

US-led price cap coalition agrees to review level of Russian crude price cap in March

Officials from the US and allied nations agreed to undertake a review of the level of the Russian crude price cap in March and to move toward instituting price caps on Russian refined fuel products. The agreement came in discussions