Russian Oil Price Cap Could Rock Oil Markets

<p>“If they don’t come to an agreement by Monday, then the fallback position is a full embargo on Russian oil going into any EU state.” Fiona Boal provides context to EU price cap proposals and the risk EU nations may have if an agreement is not made by the December 5th deadline. She also highlights how a final decision could impact OPEC production targets as a retaliatory measure could be implemented by OPEC+ if an aggressive agreement is achieved. </p>