JP Morgan analysts define potential retaliation by Russia if the G7 handle to place collectively a mechanism to cap the worth of Russian oil:
- “The obvious and certain threat with a value cap is that Russia may
select to not take part and as a substitute retaliate by lowering exports.” - “It’s probably that the federal government might retaliate by
slicing output as a solution to inflict ache on the West. The tightness of
the worldwide oil market is on Russia’s facet.”
Value influence:
- A 3 million-barrel output lower to every day provides would push benchmark London
crude costs to $190 - Worst-case state of affairs of 5 million might
imply “stratospheric” $380 crude
Data comes by way of Bloomberg (gated)
