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What Success or Failure Would Look Like for the Price Cap on Russian Oil

A price cap on Russian crude oil in response to the country’s invasion and ongoing war in Ukraine will go into effect on December 5. The price cap is an effort to reduce Russia’s oil revenues while maintaining adequate supplies of crude on...

How the Price Cap on Russian Oil Will Work in Practice

After months of debate and preparation, the United States and other members of the G7 will impose a price cap on Russian crude oil on December 5. They plan to follow up with price caps on Russian oil products on February 5 of next year. The...

This commentary represents the research and views of the author. It does not necessarily represent the views of the Center on Global Energy Policy. The piece may be subject to further revision. Contributions to SIPA...


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Amrita Sen
Co-Founder and Chief Oil Analyst at Energy Aspects

This week host Jason Bordoff talks with Amrita Sen, the co-founder and chief oil analyst at Energy Aspects.

Wally Adeyemo
US Deputy Secretary of the Treasury

In the months since Russia invaded Ukraine, world leaders have struggled to implement a global response that punishes Russia for its aggression, while simultaneously minimizing the war’s impact on energy prices. In...

Frans Timmermans
Executive Vice President of the European Commission for the European Green Deal

Europe is in the throes of a severe energy crisis, with oil, gas, electricity, and coal prices skyrocketing this year. As the continent braces for winter, its leaders face difficult questions about whether or not...