Reply To: OPEC Monthly Oil Market Report March 2023


G7 opposes lowering #oil price cap on Russian crude oil from US$60/bbl

– European Commission says President Biden Warned the EU that Washington has no appetite to cut the price cap via Wall Street Journal

uropean Commission officials warned the bloc’s member states about the G-7 position, saying that President Biden had told European Commission President Ursula von der Leyen in the Oval Office of the White House last week there was no appetite in Washington for adjusting the oil sanctions, according to the people familiar with the matter.

A spokeswoman for the U.S. National Security Council declined to comment.