Bloomberg: Russian oil prices are trading below the EU's proposed price ceiling
As European Union diplomats discuss a cap on the price of Russian oil, it is almost certain that the level they are discussing will be higher than what is currently being traded, Bloomberg News reported Friday.
It is noteworthy that EU diplomats are studying this week
Putting a ceiling on the purchase price of Russian crude oil between 65 and 70 dollars per barrel, within the framework of the European sanctions imposed on Russia because of its war on Ukraine since last February.
It is expected that when agreed upon, the price ceiling will be adopted by all G7 major industrialized countries in a process led by the United States.
According to the data of the Argus Media website, any price that will be agreed upon will be much higher than the price of the Russian Urals crude currently traded.
Russia's Urals crude index fell to around $52 a barrel on Thursday at two of the country's main western export terminals, the site reported.
Bloomberg said no buyer who pays more than the maximum limit will be allowed
Agreed to use European oil tankers - especially Greek ones - or enjoy standard industry insurance against risks such as oil spills.
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