WorldMedia: EU plans to restart oil price cap debate

Media: EU plans to restart oil price cap debate

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An oil rocker in the Almetyevsk region of the Republic of Tatarstan. archive photo

Bloomberg: EU diplomats plan to restart oil price cap talks on Friday

MOSCOW, November 25 – RIA Novosti. Diplomats from EU countries will meet on Friday to agree on an oil price ceiling, the agency reported. Bloomberg.

It was reported that the talks, which were supposed to continue on Thursday evening, were postponed due to disagreements between the countries.

According to the agency, diplomats are optimistic about a possible deal on Friday.

At the same time, according to two sources, EU member states are discussing, among other things, regular price revisions as a compromise.

Earlier, Politico newspaper reported that most EU countries support the proposal to impose a ceiling on oil prices from the Russian Federation at the level of 65-70 dollars per barrel. At the same time, according to media reports, Poland does not accept a ceiling level of $65, stating that it is “too soft”, while Greece also does not want a limit level below $70 a barrel. Additionally, as Bloomberg points out, critics of the proposed price ceiling argue that Russia is already selling oil at a discount, meaning that the ceiling will allow business to run as usual.

Source: Ria

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