Topic
Oil Prices
60 published works
P.I.S.S.D.
The Pump and the Plug: How the Conflict with Iran is Accelerating the Shift to Electric Vehicles
By Bob Kraft
For millions of drivers across the country, a quick trip to the gas station has suddenly become a source of financial stress. Following the outbreak of the war with Iran…
Sanctions & Export Controls Update
EU and UK announce aligned reduction of the Russian Oil Price Cap
On 15 January 2026, the EU applied its new automatic and dynamic adjustment mechanism to the Oil Price Cap (“OPC”) on seaborne Russian crude oil, reducing the cap from USD…
Global Policy Watch
EU Imposes Additional Sanctions Against Russia and Belarus; EU and UK Agree to Tightening of Russian Oil Price Cap
By David Lorello, Emanuel Ghebregergis, Edwin Djabatey
On 18 July 2025, the Council of the European Union (the “Council”) adopted its 18th package of economic sanctions against Russia, following extensive negotiations among the EU Member States. This latest…
Cleary Foreign Investment and International Trade Watch
Price Cap Coalition Issues Updated Advisory for Maritime Oil Industry
By Chase D. Kaniecki, Samuel H. Chang, Ryan Brown
On October 21, 2024, an international coalition consisting of the G7 countries—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States[1]—as well as the European Union, Australia, and…
Subject to Inquiry
G7+ Coalition Issues Alert on Russian Oil Price Cap Evasion Methods and How to Report Violations
By Alex J. Brackett, Jordan LaPointe
On February 1, 2024, the G7+ Coalition (consisting of the G7, the European Union, and Australia) published an Oil Price Cap (OPC) Compliance and Enforcement Alert (the “Alert”), identifying notable…
SmarTrade
OFAC Issues Oil Price Cap Compliance and Enforcement Alert Recommending Methods to Mitigate Evasion Risks
By Aaron C. Mandelbaum, Scott E. Diamond**, Francesca M.S. Guerrero, Samir D. Varma
On February 1, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published an Oil Price Cap Compliance and Enforcement Alert to provide “[a]n overview of [five]…
The Right Coast
Top WH energy adviser’s prediction comes back to haunt as gas, oil prices skyrocket | Fox News
At the time of his comments, the West Texas Intermediate (WTI) index, the U.S. oil benchmark, hovered at around $71 per barrel, according to market data. And data tracked by…
International Compliance Blog
Price Cap Coalition Selects Level for Cap on Price of Seaborne Russian-Origin Crude Oil
By Ali Burney, Dave Stetson, Wendy Wysong, Darryl Nirenberg, Wilson Zhao, Zoey Hong
On December 2, 2022, the G7, EU, and Australia (Price Cap Coalition) jointly agreed upon a cap on the price of seaborne Russian-origin crude oil at USD 60 per barrel…
Trade Compliance Resource Hub
UK imposes oil price cap ban for maritime transport and services
By Leigh T. Hansson, Alexander Brandt, James Willn, Ray-Shio Ho, Sophie Davis, Tan Albayrak, Dimitris Athanasopoulos, Finlay Donaldson, William Young
The UK introduces a prohibition on maritime services for the supply or delivery of Russian origin or Russian consigned oil.
International Compliance Blog
OFSI Publishes Guidance on the UK Maritime Services Prohibition and Oil Price Cap
On November 14, 2022, HM Treasury’s Office of Financial Sanctions Implementation (“OFSI”) published detailed guidance on the recently published ban on the provision of maritime transportation of Russian oil and…