Price Cap

How Washington will save face over failure of Russian oil price limit ?

By Rhod Mackenzie For the past five months, Russian oil has been traded above the $60 price limit set by Western nations. This oil is transported by numerous parties including Greek shipping companies and tankers that have lacked Western registration and insurance. As a result, Russia’s monthly income has exceeded the amount of the previous […]

US’s Russian oil price ceiling failed so it continues to double down

By Rhod Mackenzie The implementation of a price ceiling on Russian oil has been seriously unsuccessful, a fact that has already been acknowledged in Europe.  Nevertheless, Washington still refuses to accept this outcome and now, nearly a year later, has levied sanctions on two shipping companies. Additionally, they have declared their intention to ensure adherence […]