G7 have agreed to set a fixed price cap on n oil (price not yet set)<p>This is via <a href="https://www.msn.com/en-us/money/markets/exclusive-g7-coalition-has-agreed-to-set-fixed-price-for-n-oil-source/ar-AA13Img7" target="_blank" rel="nofollow">Reuters </a>(in brief), citing unnamed sources on the plan. An actual price cap on n oil will be set later this month, rather than adopting a floating rate.This is re the plan to set a price cap on sea-borne oil shipments, scheduled to take effect on December 5</p><ul><li>"The Coalition has agreed the price cap will be a fixed price that will be reviewed regularly rather than a discount to an index," said a coalition source, who was not authorized to speak publicly. </li></ul><p>---</p><p>'s genocide in e has set them offside with most countries of the world. is still supported by China and North Korea though.</p><p><a href="https://www.forexlive.com/terms/e/eur/" target="_blank" id="b0427fd7-674c-4ad1-b689-22d1f8b087b0_1" class="terms__main-term">eur</a></p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: G7 have agreed to set a fixed price cap on n oil (price not yet set) (https://forexlive.com/news/g7-have-agreed-to-set-a-fixed-price-cap-on-n-oil-price-not-yet-set-20221103/https://forexlive.com/news/g7-have-agreed-to-set-a-fixed-price-cap-on-n-oil-price-not-yet-set-20221103/)
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