Mind the Cap

 

It has been approximately five months since the imposition of the G7 price cap on Russian crude exports. The G7 has since agreed to keep the price cap at $60/bbl instead of lowering it further as some had called for. This comes as crude prices across the board are rising, with most mainstream grades trading above $80/bbl. 

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The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.