G7-Led Coalition Sets Price Cap on Russian Oil Products

• Sunday, 5th February 2023
• by Israa Ibrahim

The Group of Seven wealthy nations (G7), the European Union and Australia have set price caps for Russian diesel and other refined petroleum products in order to maintain market supply while reducing Moscow’s in...

EU Exploring Various Ideas for Price Capping

• Wednesday, 5th October 2022
• by Israa Ibrahim

According to the EU’s head of energy policy, the European Commission is exploring different forms of gas price capping, including one that targets gas used in power generation and a temporary “flexibleR...

European Commission Warns EU That Gas Price Cap Poses Risks

• Thursday, 29th September 2022
• by Israa Ibrahim

In response to appeals from several nations for Brussels to act to control skyrocketing gasoline costs, the European Commission has issued a warning to EU member states that a broad cap on gas prices could be difficul...

Some EU Member States Push for Bloc-Wide Gas Price Cap

• Wednesday, 28th September 2022
• by Israa Ibrahim

A number of EU nations are urging Brussels to present proposals this week for a natural gas price cap that would apply to the entire EU, according to a letter seen by Reuters. The EU proposed a package of emergency me...