G7 official: Russian oil price cap continues to meet objectives

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, Feb 10 (Reuters) - The price cap on Russian oil continues to meet objectives and any Russian production cuts will disproportionately hurt developing countries, a G7 price cap coalition official said on Friday. The official also said public reporting shows a significant amount of Russian seaborne oil has been shipped via price cap-compliant tankers and that it was important not to take Russian comments on oil production cut at face value. (Reporting by Andrea Shalal; Writing by Doina Chiacu;)

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