Price cap | Egypt Oil & Gas

OPEC+ Expected to Commit to Production Cuts

In an interview with Energy Intelligence, Saudi Arabia's energy minister Prince Abdulaziz bin Salman said that OPEC+ alliance will abide by last October production-cuts decision until the end of the year, Reuters ...

G7 to Assess Level of Price Cap on Russian Oil in March

According to the U.S. Treasury, the Group of Seven officials have decided to evaluate the level of the price cap on Russian oil exports in March rather than January, as initially anticipated, in order to give the ...

Saudi Energy Minister: Russia Price Cap Brought No Clear Results

Prince Abdulaziz bin Salman Saudi Arabia's energy minister stated that the impact of European sanctions on Russian crude oil and price limit measures "did not bring clear results yet" and that its execution was st ...

EU Warns Against Gas Price Cap for Electricity

The European Commission has cautioned against an EU-wide cap on the price of gas used to produce electricity could result in an increase in gas use and exports of EU-subsidized electricity, according to a document ...

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