For months after Ukraine's Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. Most of Moscow's crude — its main moneymaker — cost less than that.

Capping Russian oil product prices is likely to prove a much more onerous task than capping its crude. The effectiveness of the price cap on Russian crude oil is still being gauged. A Finnish research ...

(Bloomberg) -- The European Union is heading for intense talks in the coming days over how to further curb Russian revenues from exports of oil and petroleum products, and strengthen sanctions to hit ...

While a $60-per-barrel oil price cap may sound straightforward, implementing it in what is a complex market could get very messy. Physical oil is nearly never traded at fixed prices, instead being ...

A $60 price cap on Russian oil opens a new front by Western nations seeking to deplete the country's resources for waging war in Ukraine, while also injecting fresh uncertainty into global energy ...

Oil prices have risen since July, exposing fatal flaws in the price caps on Russian oil exports. Russia has found alternatives to G7 and EU support services, and refiners, shippers, and others have ...