EnergyPre-market
G7 to impose price caps on Russian oil products
pre-market1 source ↓written by the desknot a recommendation
- effective
- 5 Feb 2026
- cap on crude
- $60 per barrel
The G7 plans to set two price caps on Russian oil products, effective from 5 Feb 2026. This follows a $60 per barrel cap on crude oil established in December 2025. The aim is to reduce Russia's petroleum revenue while minimizing global energy market disruptions. 🌍💼
• Caps will target products sold at a premium (e.g., diesel) and those sold at a discount (e.g., fuel oil).
• Seven EU nations are also looking to impose tariffs on Russian goods, further tightening economic pressure on Moscow.
Not investment advice. For informational purposes only.