Algeria: Western Price Caps On Russian Crude Could Leas To Supply Disruption ...Middle East

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Algeria: Western Price Caps On Russian Crude Could Leas To Supply Disruption
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Algerian Energy Minister Mohamed Arkab also warned that Western price caps on Russian crude oil could lead to uncertainty and supply disruption.  While Arkab suggested that the OPEC+ decision to cut output by 2 million barrels per day from November 2022 until the end of this year brought stability to oil markets, he warned that unilateral measures such as price caps were distortions that could upset OPEC+ efforts to balance oil markets, Reuters reported.Arkab’s comments followed comments to Energy Intelligence by Saudi Arabia’s energy…

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