IEA’s Birol hopes G7 plan to impose price caps on Russian oil gets “buy-in” from several countries

Market news

12 July 2022

IEA’s Birol hopes G7 plan to impose price caps on Russian oil gets “buy-in” from several countries

International Energy Agency (IEA) Chief Fatih Birol said on Tuesday that he hopes the G7 plan to impose price caps on Russian oil gets "buy-in" from several countries.

Additional comments

Any price caps on Russian oil should include refined products.

IEA working on plan to coordinate response to critical minerals supply disruptions.

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