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US Treasury Secretary Meets Indian Officials to Talk Russian Oil Price Cap

OIL

Comments from US Deputy Treasury Secretary Wally Adeyemo talks with Indian officials on Russian oil price cap.

  • "I had a very constructive conversation with my Indian counterparts about the price cap proposal, but also talked extensively with private sector participants in India as well," Adeyemo said.
  • "It would allow European, American services from around the world and Western countries to continue to be used for the purchase and transportation of Russian crude," he said.
  • "We are very concerned that come December 5... we will be in a place where access to Russian crude will diminish for the world and would potentially lead to higher prices," he added.
Energy BulletsCommodities
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