Europe cuts Russian oil price cap again as gap with US measure widens

merkur.de

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Strike for Russia's economy: Putin's revenues from the oil business should be further reduced: the EU wants to reduce the price ceiling even more from February 2026.

Lietuvos Radijas ir Televizija

currenttime.tv

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currenttime.tv

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The EU will reduce the price ceiling for Russian oil from $47.6 to $44.1 per barrel as of 1 February, a decision published on the EU Council website.

Rzeczpospolita

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Brussels has lowered the price cap for Russian crude oil from $47.60 to $44.10 per barrel. The new price cap will take effect in February. Meanwhile, Russian companies are seeking buyers on the global market, offering crude oil at prices below $30 per barrel.

suedtirolnews.it

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In the future, a lower price cap for Russian oil will apply. The so-called oil price cap will be lowered to 44.10 US dollars (37.85 euros) per barrel (159 liters) on 1 February following a new mechanism adopted last summer, as announced by the European Commission. Currently, the limit is 47.60 US dollars per 159 liter barrel. The price cap for Russian oil is valid for sale [...]

diarioestrategia.cl

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The European Commission announced Thursday the new price cap for oil coming from Russia, which will be set at $44.10 per barrel, and which has been adjusted for the first time with an automatic mechanism to fix the Maximum Crude Price (Oil Price Gap) and thus restrict Moscow's revenues.