Russia announced Friday that it will cut oil production by 500,000 barrels per day next month after western countries capped the price of its crude over its action in Ukraine. “As of today, we fully sell all our crude output,…
Ukraine war: Zelensky calls West’s Russian oil cap ‘weak’
Ukraine President Volodymyr Zelensky has criticised a price cap set by his Western allies on Russian oil exports, calling it “weak”. The cap, approved on Friday, is aimed at stopping countries paying more than $60 (£48) for a barrel of…
