Algeria cautions against Western oil price cap ...News

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Algeria cautions against Western oil price cap
The measure could cause supply disruptions, the country’s energy minister warns The Western price ceiling on Russian oil will spark uncertainty and disrupt global trade flows, the Algerian energy minister warned on Wednesday. The OPEC+ decision to cut output by 2 million barrels per day last November was designed to bring stability to global oil markets, Mohamed Arkab noted in an interview with information company Energy Intelligence. The official said unilateral actions by the West to limit the price of crude could undermine the efforts of the oil producers' alliance, and bring more uncertainty to the sector. Wes

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