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Western Governments Struggle To Agree On Russian Oil Price Cap
The plan is meant to punish Russia while at the same time keeping its vast petroleum exports flowing to energy-starved global markets to tamp down inflation.
![EU Inches Towards Deal On Russian Oil Price Cap This Week EU Inches Towards Deal On Russian Oil Price Cap This Week](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fcms%2Farticles%2F3200157%2FRussian_oil_Ban_2022_06_30_T11_26_20_671_Z_cb54508e11.jpeg&w=828&q=75)
EU Inches Towards Deal On Russian Oil Price Cap This Week![calender](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fassets%2Fimages%2Ficons%2FIcon-calendar.svg&w=16&q=75)
Dec 24, 2022 11:50 PM
The deadline for a deal is Dec. 5 because that is when the EU's own full embargo on purchases of Russian seaborne oil, agreed at the end of May, kicks in.
![Oil Up On China COVID Hopes, But OPEC+ Output Concerns Offset Gains Oil Up On China COVID Hopes, But OPEC+ Output Concerns Offset Gains](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fcms%2Farticles%2F3203042%2FCrude_Oil_2022_10_15_T12_11_35_627_Z_6f085a0326.jpeg&w=828&q=75)
Oil Up On China COVID Hopes, But OPEC+ Output Concerns Offset Gains![calender](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fassets%2Fimages%2Ficons%2FIcon-calendar.svg&w=16&q=75)
Dec 24, 2022 11:50 PM
Oil rose on Tuesday on expectations for a loosening of China's strict COVID-19 controls, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting limited gains.
![South Korea's Yoon Ready To Offer 'Tailored' Benefits To Attract Tesla Gigafactory: Report South Korea's Yoon Ready To Offer 'Tailored' Benefits To Attract Tesla Gigafactory: Report](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fcms%2Farticles%2F3203037%2FTesla_Charger_EV_Charging_2022_10_15_T07_03_57_123_Z_d8ecf18431.jpeg&w=828&q=75)
South Korea's Yoon Ready To Offer 'Tailored' Benefits To Attract Tesla Gigafactory: Report![calender](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fassets%2Fimages%2Ficons%2FIcon-calendar.svg&w=16&q=75)
Dec 24, 2022 11:49 PM
Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon's office cited Musk as saying South Korea is among the top candidate locations for a new Tesla factory.
![Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fcms%2Farticles%2F3200715%2FTraffic_2022_07_25_T10_08_44_791_Z_eec4c2bdb8.webp&w=828&q=75)
Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU![calender](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fassets%2Fimages%2Ficons%2FIcon-calendar.svg&w=16&q=75)
Dec 24, 2022 11:49 PM
Kosovo and Serbia reached a deal on Wednesday to end a nearly two-year dispute over car licence plates in northern Kosovo, which the West had warned could trigger ethnic violence, the European Union's foreign policy chief said.
![OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap: Report OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap: Report](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fcms%2Farticles%2F3203040%2FCrude_oil_opec_2022_10_15_T09_41_38_725_Z_40ae07a21c.jpeg&w=828&q=75)
OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap: Report![calender](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fassets%2Fimages%2Ficons%2FIcon-calendar.svg&w=16&q=75)
Dec 24, 2022 11:49 PM
A virtual meeting puts the focus on the pending European Union deal over the price cap on Russian oil, as well as a Dec. 5 deadline imposed by the bloc for a full embargo on purchases of Moscow's seaborne crude.
![Chinese Dealers Seek Compensation Over Stellantis Jeep Failure Chinese Dealers Seek Compensation Over Stellantis Jeep Failure](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fcms%2Farticles%2F3200747%2Farticles%2F3200783%2FStellantis_2022_07_27_T13_18_20_899_Z_fd5efe5b78.webp&w=828&q=75)
Chinese Dealers Seek Compensation Over Stellantis Jeep Failure![calender](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fassets%2Fimages%2Ficons%2FIcon-calendar.svg&w=16&q=75)
Dec 24, 2022 11:49 PM
Stellantis is overhauling its strategy in China after agreeing to file for bankruptcy of its Jeep joint venture with local partner Guangzhou Automobile Group (GAC) in October.
U.S Says G7 Should Soon Unveil Price Cap Level On Russian Oil, Adjust Regularly![calender](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fassets%2Fimages%2Ficons%2FIcon-calendar.svg&w=16&q=75)
Dec 24, 2022 11:49 PM
The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level a few times a year rather than monthly.
India Seeks To Use Global Energy Challenge As Opportunity, Says Minister![calender](/_next/image?url=https%3A%2F%2Fimages.carandbike.com%2Fassets%2Fimages%2Ficons%2FIcon-calendar.svg&w=16&q=75)
Dec 24, 2022 11:48 PM
India hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said.
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