Oman’s energy minister says the restrictions on Russia could spread globally Major oil producers are concerned about the price cap imposed by the Group of Seven nations on Russian crude exports, Oman’s energy minister, Salim Al-Aufi, said in an interview with Bloomberg. The limit on Russian seaborne oil, set at $60 per barrel, was introduced by the EU, the G7 countries, and Australia on December 5. It bans Western companies from providing insurance and other services to vessels loaded with Russian oil, unless the cargo is bought at or below the price indicated. “I don’t think anyone likes it,” Al-Aufi said told th
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