Daily Memo: EU Leaders Eye Deal on Russian Oil Price Cap
The bloc had previously failed to agree on a price.
Inching closer. EU leaders have agreed tentatively on a $60 per barrel price cap on Russian seaborne oil, with an adjustment mechanism to keep the cap at 5 percent below the market price. Meanwhile, OPEC+ oil producers will meet on Sunday to discuss imposing deeper production cuts in response to the cap, which is expected […]