Oil price cap battered Russia’s Q1 revenue, buyers should seek steep bargains: Yellen

Capt. John

The G7 price cap on Russian crude and oil products exports have been effective in restricting Moscow’s revenues and some of the countries regularly purchasing Russian sweet and sour crudes should negotiate steep discounts, US Treasury Secretary Janet Yellen said May 11. A few months into its...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/051123-oil-price-cap-battered-russias-q1-revenue-buyers-should-seek-steep-bargains-yellen

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