{"id":569354,"date":"2023-04-12T09:19:16","date_gmt":"2023-04-12T03:49:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=569354"},"modified":"2023-04-12T09:49:28","modified_gmt":"2023-04-12T04:19:28","slug":"russias-flagship-oil-is-moving-ever-closer-to-60-per-barrel-cap","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/russias-flagship-oil-is-moving-ever-closer-to-60-per-barrel-cap\/","title":{"rendered":"Russia&#8217;s flagship oil is moving ever closer to $60 per barrel cap"},"content":{"rendered":"<p>The price of Russian oil is nearing a threshold that could create complications for the country\u2019s biggest buyers. <\/p>\n<p>The Group of Seven nations last year imposed a cap of $60 a barrel on crude shipped from Russia to limit the Kremlin\u2019s profits amid the war in Ukraine. Buyers who pay above that level lose access to industry-standard insurance under the sanctions. <\/p>\n<p>The price of Russia\u2019s flagship Urals crude at the point of export is getting closer to the $60 limit, data from Argus Media Ltd. show. The delivered price of the grade to India\u2019s west coast \u2014 including shipping costs \u2014 was actually more than $73 a barrel as of April 6.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Russian oil is nearing a threshold that could create complications for the country\u2019s biggest buyers. The Group of Seven nations last year imposed a cap of $60 a barrel on crude shipped from Russia to limit the Kremlin\u2019s profits amid the war in Ukraine. Buyers who pay above that level lose access to industry-standard insurance under the sanctions. The price of Russia\u2019s flagship Urals crude at the point of export is getting closer to the $60 limit, data from Argus Media Ltd. show. The delivered price of the grade to India\u2019s west coast \u2014 including shipping costs [&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":[135,130,169],"tags":[],"class_list":["post-569354","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/569354","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=569354"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/569354\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=569354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=569354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=569354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}