Price cap on Russian oil may lower discounts, widen buyer pool: Vitol’s Muller

The G7 countries’ agreement to finalize and impose a price cap on Russia’s crude exports may diminish its current discounts against global benchmarks and widen the pool of buyers of its oil, the head of Vitol Asia said on Sept. 4 G7 countries agreed Sept. 2 to “urgently” finalize and implement a price cap on imports of Russian oil as…