Volodymyr Zelensky rejects EU price cap on Russian oil. “The decision on the maximum price of Russian oil by the EU and the G7 countries is a weak position and not a serious decision,” Zelensky said, as reported by Ukrainska Pravda. “Unfortunately, the discussion on price caps, i.e. limiting the export price of Russian oil, […]
Tag: price limit
Europe approves price cap: Russian oil price cap set at $60
Europe and the G7 declare war on Putin’s Russia. The G7 and the European Union approved the maximum price for Russian oil transported by sea. The cap has been set at a maximum price of $60 a barrel of crude oil and is adjustable in the future to respond to market developments. The cap will […]
Energy war, Russia will not accept oil price cap
Tension still skyrocketing on oil prices. The war in Ukraine is not fought only on the battlefields, but its repercussions also and above all reach the energy front. Indeed, Moscow will not accept a maximum price for Russian oil. While the analysis of this situation is ongoing, the authorities will inform about further decisions based […]
Gas, EU conflict over price cap. Pichetto Fratin rejects the Commission’s proposal
In the EU, there is a conflict over the gas price ceiling. Italy and 14 other Member States are opposed to the dynamic ceiling proposal for gas presented by the European Commission, because it does not correspond to what they expected, and have agreed not to approve the other proposals of the Community Executive on […]
How the gas price ceiling works, the price ceiling arrives, but…
The European Commission has finally unveiled its official (and legislative) proposal for a gas price cap. The mechanism only concerns Amsterdam TTF futures, will be limited for one year (from January 1, 2023) and, above all, will be conditioned by strict parameters that will make its application highly unlikely, if not impossible. It will act […]
What does price cap mean? Here’s the gas price corridor: the historic deal
A gas price corridor (with a ceiling and a floor), increasing savings, simplifying authorization procedures for renewable plants, and a reform of the electricity market. These are some of the pillars of the measures envisaged by the European Council, essentially focused on “common solutions” to protect families and companies from the high costs of energy […]
Gas price and price ceiling, slowed down after the EU summit. And Draghi warns: “Market at risk”
Prime Minister Draghi doesn’t mince words in front of European leaders. At the umpteenth Council in which a part of the States intends to remain generic and in fact not decide, the President of the Council underlined the urgency of adopting measures that affect the dynamics of prices, first of all the introduction of a […]
Gas emergency, in the new European plan there is the maximum price
Gas emergency, Europe is once again addressing the issue of rising energy prices. In the end, the gas price cap will exist, but it will not be the one claimed by several EU states, notably Italy, and it will be much softer, in terms of effectiveness and time. The European Commission will present its new […]
Gas, stop providing the maximum price. Gazprom freezes Europe: “It will not survive the winter”
“Whoever sets the price ceiling is left out”. The countdown has begun for the supply of gas to Europe in the winter months. At the Russian Energy Week forum, President Putin threatens that Russia “will not provide energy resources to countries that limit oil prices”. “Eurozone countries only worsen the situation with the decision to […]
“Commitment at the price limit”. Cingolani announces the turnaround and withdraws from the future government
Roberto Cingolani, Minister of Ecological Transition, speaking at the Green Talks of Rcs Academy. Repower EU towards the Energy Union, announced Brussels’ step towards the gas price ceiling: “Europe is complex, but we are converging on the price ceiling, I believe we can reach a conclusion, a little compromise , which will do a lot […]