Scholars: Supply and Demand Fluctuations to Have More Effect on Global Oil Markets Than Price Cap

Scholars: Supply and Demand Fluctuations to Have More Effect on Global Oil Markets Than Price Cap

MOSCOW (Sputnik) The Western price cap on Russian oil as well as Moscow’s retaliatory ban on oil supplies to countries that adopted it will not be as significant for global oil markets as the potential recession crisis or other issues with global supply, experts told Sputnik.

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