- Only up to 2 million bpd of Russian crude and refined petroleum exports may have to be shut in from early December, when the price cap mechanism is planned to kick in.
- Russia exported 7.5 million bpd of crude and refined products in September, per the International Energy Agency (IEA).
- The G7 will ban maritime transportation services for Russian oil unless the products are purchased at or below a certain price cap.
Russia Could Largely Avoid The Oil Price Cap
