US Treasury: Oil price restriction should eliminate the risk premium put in by Russia

Market news

9 September 2022

US Treasury: Oil price restriction should eliminate the risk premium put in by Russia

A US Treasury official said in a statement on Friday, “the oil price restriction should eliminate the risk premium put into the market by Russia's invasion of Ukraine.”

“The oil price cap should be set above the marginal production cost, taking into account past Russian oil prices,” the official added.

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