The Problem With Oil And Gas Price Caps

oil

This week saw two documents published by two government departments: the European Commission in Brussels and the Department of Treasury in Washington. The Commission’s document was a proposal for “a new instrument” aimed at limiting excessive gas prices in Europe. The Treasury’s document was guidance on the implementation of a price cap policy towards crude … Read more

Gas Price Cap Could Cause Irreversible Harm To Energy Markets

Traders

Earlier this week, the European Commission issued a statement declaring what it called a “safety price ceiling” for gas prices set at 275 euros, or $283 dollars, per megawatt-hour. Hailed as the long-awaited gas price cap that EU members have been discussing for weeks now, the ceiling’s aim, according to the Commission, will be used … Read more

EXCLUSIVE G7 coalition has agreed to set fixed price for Russian oil -sources

EXCLUSIVE G7 coalition has agreed to set fixed price for Russian oil -sources

WASHINGTON/LONDON, Nov 4 (Reuters) – The Group of Seven rich nations and Australia have agreed to set a fixed price when they finalize a price cap on Russian oil later this month, rather than adopting a floating rate, sources said on Thursday. US officials and G7 countries have been in intense negotiations in recent weeks … Read more

Suspected drones over Taiwan, cyber attacks after Pelosi visit

Suspected drones over Taiwan, cyber attacks after Pelosi visit

Suspected drones fly over outlying Taiwanese islands Defense ministry says its website attacked, briefly offline Chinese military exercises, involving live-fire, set to begin China says it’s an internal affair TAIPEI, Aug 4 (Reuters) – Suspected drones flew over outlying Taiwanese islands and hackers attacked its defense ministry website, authorities in Taipei said on Thursday, a … Read more