Oil-producing countries are dissatisfied with Western countries setting a price ceiling for Russian oil, Oman's Energy Minister Salem bin Nasser al-Awfi said, Bloomberg reports.
"I don’t think anyone likes it. <...> We don’t know how far it will go. Today it is Russia, but tomorrow this may change and a price cap may be introduced at the world level. It would be very serious", he said. He believes that such measures could lead to a reduction in investment in the oil industry worldwide.
The price cap for Russian oil was agreed on December 5 by the EU countries, the G7 and Australia.