Countries that support the measure will have a difficult time trying to substitute lost Russian supplies, Mamdouh Salameh says Western countries have failed in their attempts to stem the surge in global oil prices with the price cap on Russian crude exports, Mamdouh Salameh, a prominent oil economist and World Bank energy consultant, told Oilprice news outlet this week. According to Salameh, none of the major oil-producing countries would agree to sell their crude at a price much lower than the market average, which would effectively deprive the West of oil supplies. “The Western price cap on Russian oil exports h
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