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LIVE | How OPEC output cut target & G7 price caps are affecting crude oil prices

Oil prices edge up as OPEC+ agrees to stick to its existing policy of reducing production ahead of sanctions on Russia and a price cap kicking in on Russian crude by G7 nations. The G7 agreed to impose a price cap of $60/barrel - and this will also be enforced by the EU & Australia. Peter McGuire, the CEO of XM Australia speaks to Moneycontrol about what the impact of this will be ahead. Watch!

first published: Dec 5, 2022 02:03 pm


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