Russian oil price cap won’t solve energy crisis – Indonesian FM ...News

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Russian oil price cap won’t solve energy crisis – Indonesian FM
The measure could increase the gap between supply and demand The US-proposed limits on the price of Russian oil could further exacerbate the global energy crisis, as it would not help solve the supply issues the world is facing, Indonesian Finance Minister Sri Mulyani Indrawati told CNBC on Friday. According to the official, energy prices are high because demand is outstripping supply, which has already been disrupted due to Russia’s military operation in Ukraine and subsequent Western sanctions which target the country’s energy sector. “Putting a cap is definitely not going to solve the problem, because it is abo

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