Russian President Vladimir Putin signed a decree on Tuesday banning oil supplies to countries that have introduced price caps on Russian oil and petroleum products, according to the decree published on the Kremlin’s website – a move that may prove to be largely symbolic. Eko Hot Blog reports Earlier this month, Western countries implemented a … Read more
EU nations have agreed on a gas price cap to shield consumers. EKO HOT BLOG reports that the European Union nations have agreed to cap soaring wholesale gas prices to protect consumers across the bloc. From 15 February, prices will be limited if they breach 180 euros per megawatt hour for three days running. EDITOR’S … Read more
Oil prices rose on Monday following an agreement by the G7 group of nations and its allies to cap the price of Russian oil at $60 (£49) a barrel. Eko Hot Blog reports that Brent crude added more than 1% to above $86 in morning trade in Asia. EDITOR’S PICKS Biden Calls Putin’s Actions In … Read more