G7 agrees oil price cap: reducing Russia’s revenues, while keeping global energy markets stable

This article is brought to you in association with the European Commission. The international Price Cap Coalition has finalised its work on implementing an oil price cap on Russian seaborne crude oil. EU Member States in the Council have also just approved in parallel its implementation within the EU. The cap has been set at a […]

How does the war in Ukraine affect oil prices?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Maciej Kolaczkowski, Manager Oil and Gas Industry – Energy, Materials, Infrastructure Platform, World Economic Forum Geneva On 24 February 2022 Russia launched a military invasion on Ukraine. Already inflated oil prices have since skyrocketed to over $110 per […]

Does Draghi have another ace up his sleeve given his Quantitative Easing failure?

Last Monday Eurostat, the statistical service of the European Union, released a flash estimate for euro area annual inflation revealing a -0,2% inflation rate for February. The latter has worried the European Central Bank’s (ECB) officials and especially its president Mario Draghi. ECB’s Governing Council meeting which is taking place next week will have to reconsider […]