Bloomberg on Thursday morning reported some G7 countries are looking at ways to strengthen price cap on Russian crude oil. The report suggests some options include replacing the current mechanism with a full ban on handling Russian crude, or lowering the current threshold to $40 per barrel from the current $60 per barrel.

<div class=\"default-font-wrapper\" style=\"line-height: 1;font-size: 12pt; font-family: Verdana, Geneva, sans-serif;\">Bloomberg on  Thursday morning reported some G7 countries are looking at ways to strengthen price cap on Russian crude oil.  The report suggests some options include replacing the current mechanism with a full ban on handling Russian crude, or lowering the current threshold to $40 per barrel from the current $60 per barrel.</div>