European Union government There were still differing opinions on Thursday (November 24, 2022) regarding the level of measures to set a ceiling on Russian oil prices. to limit Russia’s funding potential for war in Ukraine without affecting the volume in the global energy market causing world oil prices The market closed in a narrow range. It hit its lowest level in regarding two months.
– West Texas Crude Oil Contract Intermedia or Light Sweet Scratch January delivery rose 2 cents to $77.96 a barrel.
-Brent North Sea London January delivery fell 29 cents to $85.12 a barrel.
On Wednesday, November 23, 2022, EU member countries Failed to reach an agreement on a ceiling for Russian marine crude oil because members of the Leading Seven Industrialized Nations (G-7) had proposed a ceiling of $65-70 per barrel, which some considered too high. But some say it’s too low.
A spokesman for the Polish representative to the EU said the ceiling should refer to the cost of crude oil production per barrel. Not referring to current market prices. Poland supports measures to impose a ceiling on Russian oil. But the proposed level was far too high. in line with the Lithuanian opinion
#Russian oil ceiling
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