EU wants to propose lowering the price cap for Russian Oil – Commerzbank

FXStreetMay 20, 2025 10:31 AM

View all comments（0）



According to a Reuters report, the EU intends to propose lowering the price cap for Russian Oil from $60 to $50 per barrel at the meeting of G7 finance ministers, Commerzbank's commodity analyst Barbara Lambrecht notes.

EU wants to propose the price cap for Russian Oil at $50 pb

"Now that Oil prices have fallen so sharply, the current cap no longer takes effect and Russian exporters can utilise the usual freight rates and insurance. Further sanctions against the so-called shadow fleet — such as those to be adopted today as part of the 17th sanctions package — will then no longer apply."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Brent Crude Drops Nearly 2% as Trump Waives Some Russia Sanctions

TradingKey - International oil prices fell noticeably on Monday. Brent crude (UKOIL) futures dropped 1.90% to $107.85 per barrel, while WTI crude (USOIL) futures declined 1.57% to stand at 97.49%.

Japan, South Korea Stocks Weaken in Early Trading; Kospi Drops Over 1%, Nikkei 225 Falls Over 1.7%, SoftBank Drops Over 4%

TradingKey - On October 19, Japanese and South Korean stock markets came under renewed pressure in early trading. South Korean equities recovered some ground after opening lower, while losses in the Japanese market widened further. South Korea's KOSPI Index opened 3.17% lower at 5,488.41 points before narrowing its decline to 1.16% at 5,602.12 points. Japan's Nikkei 225 Index opened down 0.77% at 64,819.56 points and subsequently dropped 1.73% to 64,194.90 points.

TradingKey Wall Street Weekly Report：Rising Inflation Intensifies Rate Pressure; Nasdaq Falls 4.48%, Its Biggest Weekly Decline Since June

TradingKey - During the period from 2026-10-12 to 2026-10-18, the U.S. macroeconomic environment was dominated by persistent inflationary pressures and elevated global energy costs. Headline Consumer Price Index data for September released on October 14 showed annual inflation accelerating to 3.7%,

The Week Ahead: Tesla, Meta and WDC Earnings Take Center Stage as US Q3 Earnings Season Enters Key Trading Window

TradingKey - In the coming week (October 19 to October 23), the US market will shift its focus from this week's inflation data to the third-quarter earnings season and economic growth data. US September CPI released this week rose 3.7% year-on-year, while PPI climbed 1.3% month-on-month, marking the largest single-month increase since March 2022. Meanwhile, September retail sales grew 0.8% month-on-month and 6.3% year-on-year, indicating that while inflationary pressures remain elevated, US consumer spending continues to demonstrate resilience.

Market Sentiment Turns Cautious Ahead of Netflix Earnings: Can NFLX Hold Key $70 Support?

TradingKey - Netflix (NFLX) will report its third-quarter 2026 financial results after the US market close on October 20. With the company's stock price currently hovering around $70 and investor sentiment turning noticeably cautious, this earnings report could serve as a critical turning point for its short-term trajectory.

Featured Tools