CERAWEEK: Russian oil price cap is ‘dangerous,’ will be hard to remove: TotalEnergies CEO

Capping the price of Russian oil is “dangerous” for markets and will be difficult to remove, TotalEnergies CEO Patrick Pouyanne warned March 8. The head of the French oil major told delegates at the CERAWeek by S&P Global energy conference that when governments put a cap on markets, it’s “dangerous, very dangerous” and would be “more complex to remove.” The…