Today news
About the same in other media
22.06 - 19:33
U.S., European Allies Try to Restrain Global Oil Prices
Reading now: 269
WASHINGTON—The U.S. and its allies are searching for ways to limit further surges in global oil prices, attempting to balance efforts to cut off Russia’s revenue from its energy sales while shielding the global economy from a possible recession.
Treasury Secretary Janet Yellen said this week that the U.S. was involved in “extremely active” talks with European allies about efforts to form a buyers’ cartel and set a cap on the price of Russian oil. A goal in the talks is to keep Russian oil available on global markets to buyers such as India and China, which could help stabilize prices already trending at roughly double prepandemic levels, while constructing a mechanism Western countries could use to restrict Russian revenues from the sales.
Read more on wsj.comAbout this in other media
From New Zealand to Nigeria: the global toll of the cost of living crisis theguardian.com /2 years ago
Dmitry Muratov: Russian journalist sells Nobel Prize for Ukrainian children euronews.com /2 years ago
Third non-EU country, Ukraine, joins the European Blockchain Partnership cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Ethereum [ETH]: Analyzing how this resistance level can furnish an opportunity for investors](https://finance-news.co/storage/thumbs_400/img/2022/7/8/32746_bsrc.jpg)
![Has Binance Coin [BNB] hit a brick wall after gaining 17% within eight days?](https://finance-news.co/storage/thumbs_400/img/2022/7/8/32737_l0us.jpg)
