• Home
  • Oman Minister Says Oil Producers Are Uneasy Over Russia Price Cap
Oman’s energy minister has said that there is a great amount of unease amongst oil-reliant economies over the cap that the Group of Seven put on the price of Russian barrels. There has been a price ceiling placed on Moscow’s oil exports. This is significant because the restrictions will lead to overall less investment in global oil production. OPEC+ have also agreed to keep production steady at 2 million barrels a day.

Oman Minister Says Oil Producers Are Uneasy Over Russia Price Cap

Oman’s energy minister has said that there is a great amount of unease amongst oil-reliant economies over the cap that the Group of Seven put on the price of Russian barrels. There has been a price ceiling placed on Moscow’s oil exports. This is significant because the restrictions will lead to overall less investment in global oil production. OPEC+ have also agreed to keep production steady at 2 million barrels a day.

Issue:
Country:
Subscribe to Receive Latest Updates from GIF.