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December 6, 2022
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Politics

Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC

Published by
Reuters

By Noah Browning and Dmitry Zhdannikov LONDON (Reuters) – New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output have irked consumer countries, a United States Treasury official told Reuters. The United States has communicated to representatives of the Organization of the Petroleum Exporting Countries (OPEC) to reassure them of those limits to its plans, the official added. The comments could help ease a spat between the United States and Saudi Arabia, the top oil exporter and de facto O…

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