US officials concerned that Russia's oil cap will fail – Bloomberg

Market news

13 October 2022

US officials concerned that Russia's oil cap will fail – Bloomberg

Citing sources with knowledge of the matter, Bloomberg reported that US officials are concerned that Russia's oil cap will fail as a result of the OPEC+ cut.

Earlier on, US Treasury Secretary Janet Yellen said that “Russia could profitably sell oil at historical prices in the $60 / barrel range.”

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US Treasury Secretary Yellen will step up efforts to advance Russia's oil price cap

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