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Oman’s Energy Minister Says Oil Producers Are Uneasy Over Russia Cap

  • ‘I don’t think anyone likes it,’ Al-Aufi says in an interview
  • Minister cites concern that cap could extend to other nations
Salim Al-Aufi

Salim Al-Aufi

Photographer: Akos Stiller/Bloomberg
Updated on

Oman’s energy minister said there’s widespread unease among oil-reliant economies over the cap that the Group of Seven nations has imposed on the price of Russian barrels.

“I don’t think anyone likes it,” Salim Al-Aufi said in an interview in Muscat. “We don’t know how far it will go. Today, it’s Russia. But tomorrow that can change and it could be a global price cap. That would be extremely serious.”