Western Price Cap On Russian Oil May Lead To Further Global Recessionary Pressure
By Anjan Roy The global oil market is entering a critical phase as the European Union’s price cap for Russian oils comes into immediate effect. The EU has set a price cap of $60 per barrel for Russian oils. Oil prices have hovered around $80 per barrel, and the EU price is not far below […]
The post Western Price Cap On Russian Oil May Lead To Further Global Recessionary Pressure first appeared on IPA Newspack.