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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

< 1 minute read

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.

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