{"id":541468,"date":"2022-12-07T11:02:44","date_gmt":"2022-12-07T05:32:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=541468"},"modified":"2022-12-07T11:02:44","modified_gmt":"2022-12-07T05:32:44","slug":"oil-merchants-troubled-by-trading-norms-that-dont-fit-price-cap","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-merchants-troubled-by-trading-norms-that-dont-fit-price-cap\/","title":{"rendered":"Oil merchants troubled by trading norms that don\u2019t fit price cap"},"content":{"rendered":"<p>The oil price cap that the Group of Seven nations imposed on Russia may finally be in place, but it\u2019s yet to convince one vital group of people: the traders who can help get the supplies onto the global market.<\/p>\n<p>From last Monday, any company wanting to access G-7 services &#8212; particularly European insurance and ships &#8212; to move Russian oil can only do so if they pay $60 a barrel or less for the cargo. The initiative is aimed at punishing Kremlin for the Ukraine war by curbing oil revenue while maintaining exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The oil price cap that the Group of Seven nations imposed on Russia may finally be in place, but it\u2019s yet to convince one vital group of people: the traders who can help get the supplies onto the global market. From last Monday, any company wanting to access G-7 services &#8212; particularly European insurance and ships &#8212; to move Russian oil can only do so if they pay $60 a barrel or less for the cargo. The initiative is aimed at punishing Kremlin for the Ukraine war by curbing oil revenue while maintaining exports.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-541468","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/541468","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=541468"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/541468\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=541468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=541468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=541468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}