Europe’s decision to enforce a price cap of $60 per barrel on Russian oil to drive down the country’s oil revenues without causing a surge in prices is theoretically bearish, said MUFG, a Japanese bank holding and financial services firm. “We have been sceptical on the practicalities of its...
https://www.hellenicshippingnews.com/uncertainty-shrouds-europe-capping-russian-oil-price/