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oil

The problem of oil and gas price caps | OilPrice.com

This week, two documents were published by two ministries: the European Commission in Brussels and the Treasury Department in Washington. The Commission document was a proposal for “a new instrument” to limit excessive gas prices in Europe. That of the Treasury document were guidance on the implementation of a price cap policy for crude oil …

The problem of oil and gas price caps | OilPrice.com Read More »

Traders

Gas price caps could cause irreversible damage to energy markets | OilPrice.com

Earlier this week, the European Commission published a statement declaring what he called a “safety cap” for gas prices set at 275 euros, or $283, per megawatt hour. Hailed as the long-awaited gas price cap that EU members have been discussing for weeks now, the cap’s objective, according to the Commission, will be used as …

Gas price caps could cause irreversible damage to energy markets | OilPrice.com Read More »