Japan’s Kihara: Russian oil price cap to be discussed amoung G7

Market news

6 July 2022

Japan’s Kihara: Russian oil price cap to be discussed amoung G7

Japanese Deputy Chief Cabinet Secretary Seiji Kihara said in a statement on Wednesday, the “actual price cap figure for Russian oil will be discussed as necessary among G7 members.”

“G7 agreed to discuss the price cap, and PM Kishida's comments were based on that agreement,” he added.

Market reaction

WTI was last seen trading flat at $98.05, having faced rejection above the $100 mark.

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