NOVEMBER 23 (Reuters) – The price cap on Russian oil is likely to cause trade to shift to smaller companies, Vitol chief executive officer Russell Hardy said at the FT Commodities Asia Summit.

The European Union expects its regulations to be finalized in time for the December 5 launch of a G7 plan to cap the price of Russian crude oil. (Reporting by Jeslyn Lerh and Trixie Yap; Editing by Tom Hogue)

Source link