NOVEMBER 23 (Reuters) – A 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.

“It’s going to create tension between the Russians and the buyers,” Hardy said, adding that it means companies are likely to migrate from large corporations to smaller ones.

Hardy expects that one of the alternative trading locations will be Dubai where companies can operate…

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