Having ‘intensive engagement’ with India, other key oil consuming nations on Russian oil price cap: US Posted on June 29, 2022 by cngpump The G-7 leaders — representing the US, Germany, France, Italy, the UK, Canada and Japan — in a joint statement on Tuesday said they would explore far-reaching steps to cap Russia’s income from oil sales that are financing its war with Ukraine. Related posts: ONGC says arbitrators overcharging; urges Supreme Court to fix uniform fees US says G7 advancing on drafting Russian oil price cap plan Spain and Portugal’s plan to cap gas prices ‘reasonable’, says Repsol CEO Norway oil firms, workers agree wage deal in principle, avert strike for now EU leaders agree on partial embargo on Russian oil French group ENGIE: in talks with Gazprom over changing payment scheme for Russian gas Oil prices inch higher ahead of US inventories data Russia eyes construction of oil storage, exporting outlets EU launches new sanctions against Russia, targets energy sector Russian natural gas flows steady on key pipelines to Europe