Emeline BURCKEL
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Limited Success of Western Price Cap on Russian Oil: A Year in Review
Broke On: Tuesday, 05 December 2023The Western price cap on Russian oil has had limited success, with Russian crude recently trading above $80 per barrel. The G7 oil price cap has not lived up to its potential due to a failure to enforce, strengthen, and consistently monitor the price cap. Russia has decreased its dependence on Western maritime services and built up its own 'ghost fleet' to transport its oil. China and India have been buying up Russian supplies, boosting the West's supplies and dampening fears of a global shortage. U.S. and European Union leaders are considering stricter implementation of the cap, with the U.S. already imposing sanctions on violators.