18/07/2025 – Sanctions Russia: step back by Fico, the 27 approve the eighteenth package of countermeasures – Read more news
OIL: Oil prices are supported at the beginning of the day by the upcoming vote on the eighteenth package of sanctions against Moscow. The new measures include a revision of the calculation of the price cap for Russian crude oil, corresponding to a 15% reduction in the average price of the last quarter. According to the new calculations the price cap should therefore go from the current 60$/bbl to about 48$/bbl