price cap

The latest data from Refinitiv Eikon suggest Russian Urals oil cargoes that loaded in the first half of April are mostly heading to India’s and China’s ports. | Photo Credit: SERGEI KARPUKHIN India and China have snapped up the vast…

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations. That means the Kremlin is…

Major energy retailers across the country have been forced to stop taking on new gas customers while others ramp up their prices, as they struggle under the government-imposed price cap. Companies are facing uphill battles in securing…

Coal companies have recorded windfall profits amid the Russian invasion of Ukraine, with new research revealing the billions of dollars exporters made.The value of coal exports skyrocketed to $112B over 2021-22 despite Australians being…

By Uliana Pavlova | CNN Russian President Vladimir Putin signed a decree on Tuesday banning oil supplies to countries that have introduced price caps on Russian oil and petroleum products, according to the decree published on the Kremlin’s…

Russia has banned the sale of oil and petroleum products to Australia in a shock sweeping executive order signed by Vladimir Putin. Australia and other G7 nations earlier this month voted to impose a price cap of $60/b for seaborne crude…

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Shun Tai crude oil tanker is seen anchored at the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia on December 4. | Photo Credit: REUTERS The story so far: After months of negotiation, western countries comprising…

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Peter Dutton has warned of a “perfect storm” of economic destruction being brought about by the Labor government. As Prime Minister Anthony Albanese suggests senators and MPs could sit for longer than the next two weeks in order to pass the…