Skepticism grows over Russian oil price cap ...Syria

SANA - News
Skepticism grows over Russian oil price cap
source : SANA ( Syria ) () 22
Washington, SANA- The CEO of energy major Shell, Ben van Beurden, has raised doubts about plans by the Group of Seven (G7) developed nations to impose a price cap on Russian oil to limit Moscow’s revenue from sales. “You can see all the flaws already,” he told Bloomberg, noting that the system would work only if there were broad participation beyond Europe and the US. Otherwise, “you will continue to just see what is currently happening, which is Russian crude will go to countries that are perfectly OK to still purchase Urals [Russia’s main crude export grade], for instance,” he explained. According to Van Beurden, the world is heading for a “turbulent period” as tightening supplies of li

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