Commodities: Oil Shrugs Off Latest EU Sanctions On Russian Energy
Source: SeekingAlpha
2025-07-21 01:25:00 ET
By Warren Patterson , Ewa Manthey
Energy - Further EU sanctions on Russia
The EU announced its 18 th sanction package against Russia at the end of last week, which involves tougher sanctions against the Russian energy sector. This includes lowering the oil price cap for Russian crude from US$60/bbl to US$47.60/bbl. It will come into force on September 3. The cap is set to be more dynamic at 15% below the average market price for Urals crude oil in the previous 6 months. It will be reviewed every 6 months, and won’t change if the price movement over the reference period is less than 5%....
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Commodities: Oil Shrugs Off Latest EU Sanctions On Russian Energy
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