Tuesday, November 8, 2022

World races to secure Gulf oil for 2023 amid Russia uncertainty

On top of Europe’s imports ban, the EU has also pledged to bar the provision of insurance, brokerage and shipping anywhere in the world -- unless the oil in question is purchased under a price cap program. The actual level of that cap hasn’t been decided yet by the Group of Seven industrialized nations, creating another layer of uncertainty.

from Energy-Industry-Economic Times https://ift.tt/rH6tG5R

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