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EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 19, 2025
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The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday. Dombrovskis did not mention the level to which the European Union would want the price […]

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Goldman Sachs sees 410,000-bpd hike in OPEC+ June supply

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 9, 2025
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Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia’s ability to handle lower oil prices. The Wall Street bank expects the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to announce a […]