Asian shares were mostly higher and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian...
Asian shares were mostly higher and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil and a price cap of $60 per barrel on Russian exports.
China recently saw several days of protests across cities including Shanghai and Beijing as public frustration with the COVID-19 curbs boiled into unrest. Some demanded Chinese President Xi Jinping step down in an extraordinary show of public dissent in a society over which the ruling Communist Party exercises near total control.
Brent crude BRNG23 added 94 cents to $86.51 per barrel after the OPEC oil cartel and allied producers including Russia decided Sunday not to change their targets for shipping oil to the global economy after .
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Oil rises after OPEC+ holds targets, China eases COVID curbsOil prices inched up in early trade after OPEC+ nations reaffirmed their oil output targets ahead of a European Union ban and price caps on Russian crude, which kick off on Monday.
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Oil prices climbs after OPEC+ keeps output cut targets, China eases COVID curbsOil prices jumped 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.
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G7 price cap on Russian oil kicks in, Russia will only sell at market priceThe G7 price cap on Russian seaborne oil came into force as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production
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No OPEC+ oil shakeup as Russian price cap stirs uncertaintyThe OPEC oil cartel and allied producers including Russia aren't changing their targets for shipping oil to the global economy.
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All EU governments complete approval of Russian oil price capAll European Union governments completed on Saturday the written approval of a $60 per barrel price cap on Russian seaborne oil, the European Commission said, paving the way for its publication in the EU's Official Journal and entry into force on Dec. 5.
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