Russian oil is being sold way above the EU price cap, researchers say

Russian oil is being sold way above the EU price cap, researchers say

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An oil worker in Russia Sergei Karpukhin/Reuters Russian oil is being sold way above the $60 a barrel price cap, according to a group of researchers. A new paper estimates that Russian crude was trading at an average price of $74 a barrel in late 2022. That's because oil demand outside Europe is…

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