EU urges Trump to maintain sanctions on Russian oil, Reuters says
The European Commission calls on the U.S. to uphold sanctions on Russian oil and maintain the G7 price cap to restrict Russia's war funding.
Hungary will limit fuel prices due to the war
Hungary's Prime Minister Viktor Orbán announces a price cap on fuel to counteract rising oil prices resulting from the war in the Middle East.
Fuel cap coming - When will the fuel pass be activated
The Greek government plans to implement a price cap on fuel following a spike in Brent crude oil prices exceeding $100 per barrel.
Government strengthens response to oil price shock…expanding fuel tax cuts and considering early supplementary budget
The South Korean government is implementing a price cap on oil products and expanding fuel tax cuts in response to a spike in domestic oil prices following international conflicts.
Blue House: The price cap on oil will be implemented this week… Considering direct support for fuel consumers
The Blue House announced that it will implement an oil price cap this week to combat soaring fuel prices due to instability in the Middle East.
President Yoon's Proposal for 'Oil Price Cap'... Will It Stabilize Fuel Prices, or Are There Side Effects of Price Control?
Due to the surge in domestic oil prices following the US-Israel-Iran conflict, President Yoon has revived the dormant oil price cap system as a warning to curb consumer price spikes, while also considering the side effects of price control measures.
Fuel Prices Soaring 'Without Delay'... President Lee's Strong Warning Yet Gasoline Exceeds 1900 Won in Seoul
The average price of gasoline and diesel in Seoul has surpassed 1900 won per liter for the first time in over three years, prompting President Lee to direct a price cap and investigations into excessive pricing due to the impacts of international conflicts.
[View Briefing] President Yoon's Directive on 'Price Cap for Oil'
President Yoon has directed the implementation of a price cap on gasoline amidst soaring fuel prices in South Korea.
War in the Middle East: Amid Soaring Fuel Prices, TotalEnergies Maintains its Cap at 1.99 Euros
TotalEnergies has decided to maintain its fuel price cap at 1.99 euros per liter despite rising fuel costs linked to the Middle East conflict.
Two EU members oppose bloc’s latest Russia sanctions
Greece and Malta have expressed opposition to the EU's proposed ban on maritime services for Russian crude oil, which aims to replace the G7 price cap with an outright prohibition.
Greece and Malta have become obstacles to the EU's new sanctions on Russian oil – Bloomberg
Greece and Malta are blocking the EU's proposal for new sanctions on Russian oil, which would replace the price cap with a ban on essential transportation services.
Shipping: Towards a complete blockade on Russian crude oil
The European Union is preparing a significant intervention in the Russian oil transport market by planning to replace the price cap with a complete prohibition on shipping services for Russian crude oil.
EU lowers price cap for oil from Russia. The market buys cheaper
Brussels has reduced the price cap for Russian oil from $47.6 to $44.1 per barrel, effective February, while Russian companies offer crude below $30 to attract buyers.
The European Union lowered the upper price limit for Russian oil again
The European Union has lowered the upper price limit for Russian oil in response to the ongoing Russian invasion of Ukraine, with new price limits set to take effect.
EU lowers price cap for Russian oil
The European Union has lowered the price cap on Russian oil to $47.6 per barrel until January 31, reducing it further to $44.1 per barrel starting February 1, while maintaining a transitional period for higher payments until April 2026.