{"id":540989,"date":"2022-12-05T11:08:20","date_gmt":"2022-12-05T05:38:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=540989"},"modified":"2022-12-05T12:56:54","modified_gmt":"2022-12-05T07:26:54","slug":"how-the-russian-oil-price-cap-will-affect-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/how-the-russian-oil-price-cap-will-affect-markets\/","title":{"rendered":"How the Russian oil price cap will affect markets"},"content":{"rendered":"<p>The Group of Seven is set to impose a price cap on Russian oil that\u2019s well above where it now trades. If there was ever any doubt what the premise of the cap was, it\u2019s now clear: the US and its allies want Russia\u2019s crude to keep flowing. <\/p>\n<p>European Union ambassadors backed limiting the price of Russian oil, a key source of income for President Vladimir Putin\u2019s war machine, at $60 a barrel after fraught talks that dragged into the night more than once. Crucially, that\u2019s above the $50 that Russia\u2019s flagship Urals grade already trades at, according to data from Argus Media.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Group of Seven is set to impose a price cap on Russian oil that\u2019s well above where it now trades. If there was ever any doubt what the premise of the cap was, it\u2019s now clear: the US and its allies want Russia\u2019s crude to keep flowing. European Union ambassadors backed limiting the price of Russian oil, a key source of income for President Vladimir Putin\u2019s war machine, at $60 a barrel after fraught talks that dragged into the night more than once. Crucially, that\u2019s above the $50 that Russia\u2019s flagship Urals grade already trades at, according to data [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-540989","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=540989"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540989\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=540989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=540989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=540989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}