Fundamental: Is The Price Cap On Russian Crude Working?

The price caps on Russian crude oil and refined products appear to be working, analysts and U.S. officials say. Russian crude is still flowing to the global markets, but buyers are paying much lower prices for Russia's crude, which shrinks Putin's revenues from oil exports, the mainstay of his budget. That's essentially the dual purpose of the price cap on ...     Alert Feb 27, 2023, 9:50pm Fundamental: Is The Price Cap On Russian Crude Working? The price caps on Russian crude oil and refined products appear to be working, analysts and U.S. officials say. Russian crude is still flowing to the global markets, but buyers are paying much lower prices for Russia's crude, which shrinks Putin's revenues from oil exports, the mainstay of his budget. That's essentially the dual purpose of the price cap on ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support