11/23/2022, 10:04 PM (Source: TeleTrader)
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EU didn't reach oil price cap deal today - report

Today's meeting between European Union member states about setting an upper limit to the price of oil from Russia ended without an agreement, The Wall Street Journal reported on Wednesday.

Poland reportedly wanted to set the ceiling at $20 per barrel but asked for $30 per barrel by the end of negotiating round today.

On the other hand, the European Commission and the Group of Seven are proposing $65 to $70 per barrel as the maximum price. The negotiations are set to resume tomorrow.

Baha Breaking News (BBN) / MS