March 12, 2026

India To Examine Russia Oil Price Cap; Its Refiners Line Up Dec Crude Buys

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India To Examine Russia Oil Price Cap; Its Refiners Line Up Dec Crude Buys

 

The price cap plan calls for G7 countries to deny insurance, finance, brokering, navigation and other services to oil cargoes priced above a yet-to-be-determined price cap on crude and oil products.