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E.U. agrees on Russian oil price cap of $60 per barrel after fraught talks.
Posted inEmbargoes and Sanctions European Union Group of Seven International Relations Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russian Invasion of Ukraine (2022)

E.U. agrees on Russian oil price cap of $60 per barrel after fraught talks.

The price cap, devised by Group of 7 countries and their allies, aims to limit Russia’s revenue while averting a global oil shock.
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Posted by By Matina Stevis-Gridneff Jim Tankersley and Alan Rappeport
OPEC and Russia to Meet as Global Forces Weigh on Oil Market
Posted inEmbargoes and Sanctions Energy and Power Middle East Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Russia Russian Invasion of Ukraine (2022) Saudi Arabia

OPEC and Russia to Meet as Global Forces Weigh on Oil Market

As the West moves to intercede in oil trading, OPEC Plus, led by Saudi Arabia, is expected to protect its own interests.
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Posted by By Stanley Reed
David Lipton, Economic Diplomat, Will Step Down From Treasury
Posted inBiden, Joseph R Jr Group of Seven International Monetary Fund Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Treasury Department Trump, Donald J United States International Relations

David Lipton, Economic Diplomat, Will Step Down From Treasury

Mr. Lipton, who served in senior roles in the Clinton and Obama administrations and at the I.M.F., is retiring.
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Posted by By Alan Rappeport
Ukraine Is Biden’s Defining Issue, and His Biggest Economic Challenge
Posted inBiden, Joseph R Jr Embargoes and Sanctions European Union Group of Twenty International Trade and World Market Oil (Petroleum) and Gasoline Russian Invasion of Ukraine (2022) United States International Relations

Ukraine Is Biden’s Defining Issue, and His Biggest Economic Challenge

The shape of the war, and its effects on global markets, in the months and years to come could determine the president’s political fate.
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Posted by By Jim Tankersley

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