Storyboard

What does the new price cap on Russian oil mean for consumers?

Here's what to know about the $60-per-barrel price cap on Russian oil, the EU embargo, and what these developments could mean for U.S. consumers and the global economy.

Avatar - CBS News
Curated by
CBS News
    • Energy
    • Russia
    • News
    • World News
    • Oil
What does the new price cap on Russian oil mean for consumers?
Continue to read
5 stories in this Storyboard
    What does the new price cap on Russian oil mean for consumers?

    What does the new price cap on Russian oil mean for consumers?

    verified_publisher
    CBS News - By Irina Ivanova

    The cap took effect Monday after a marathon negotiating session between the "Group of Seven" nations, Australia and the European Union.

Related articles

More stories from Energy