If approved, the measure would prevent European companies from providing key services for transporting Russian oil.

For the latest information on the energy market, see our Energy Updates page. Energy Price Cap, January 2026 Q. What is the ...

Oil prices rose by less than 1% after the European Union agreed to lower the price cap on Russian crude oil, Bloomberg reports. The price of Brent crude exceeded $70 per barrel, while West Texas ...

The European Union has reached an agreement on a new sanctions package against Russia, which includes a lower price cap for Moscow's crude oil barrels. Within a year of Russia's 2022 invasion of ...

On July 15, 2025, FERC initiated an investigation, pursuant to section 206 of the Federal Power Act (“FPA”), to assess whether the Western Electricity Coordinating Council’s (“WECC”) soft price cap on ...