Russia Considers Deeper Oil Discounts To Counter U.S. Price Cap Push ...Middle East

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Russia Considers Deeper Oil Discounts To Counter U.S. Price Cap Push
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Russia has recently contacted several Asian buyers to discuss selling its oil at hefty discounts under long-term contracts, while the U.S. and the West are stepping up efforts to garner a broad coalition that would back a price cap on Russian oil, Bloomberg reported on Wednesday, quoting a Western official.  Russia has had initial talks with some Asian buyers about possible discounts of up to 30%. This signals that Moscow may want to counter the U.S-led efforts to impose a price cap on Russian oil, the official told Bloomberg.  Another…

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