Oil prices recorded 117.35 dollars for Brent and 111.29 dollars for US crude
Today, Wednesday, oil prices recorded 117.35 dollars per barrel for the global benchmark crude futures contract, and the US West Texas Intermediate crude futures recorded 111.29 dollars per barrel.
The G7 industrialized countries intend to stop their imports of Russian oil and explore such an option while increasing their imports from other countries, including the possibility of banning marine supplies, but the Russian news agency (TASS) revealed the opinions of Russian experts for plans to hit global prices.
Experts interviewed by TASS question the possibility of introducing a "price ceiling", believing that other oil suppliers and customers are unlikely to support the concept.
The leaders of the Group of Seven countries agreed to consider options for a possible ban on the transport of Russian oil by sea if its price is not agreed upon with the partners.
Meanwhile, the G7 welcomes the European Union's decision to explore ways with international partners to curb rising energy prices, including temporary restrictions on import prices if necessary.
Analysts believe that the most likely move is to force insurers and ship owners to insure and transport Russian oil only if its price does not exceed a certain level. In theory, oil companies can agree to these terms. Here, we're talking about setting prices, but not about limiting supplies.
"This is not bad for Russian oil companies, because it means that Russian oil can be traded without fear of sanctions," senior analyst Alexander Botavin told the agency.
However, the issue of the price level is important, "since the majority of tankers carrying Russian oil are owned by European shipowners, especially Greek and Cypriot companies, there is a lot of influence here," says Botavin.
"Companies may agree to such terms in many scenarios given that the discount on Brent is already above $30 per barrel," said Kirill Melnikov, head of Russia's Energy Development Center.
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