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Maroc Maroc - HARNEYS.COM - A La Une - 09/Sep 18:16

Compliance alert: G7+ oil price cap risks

On 17 May 2024, the European Commission issued an alert regarding potential circumvention of price caps on Russian-origin crude oil and petroleum products, specifically Urals and Eastern Siberia Pacific Ocean crudes. This alert highlights the risks of trading Russian oil near the US$60 per barrel cap amid fluctuating global oil prices.

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