{"id":570582,"date":"2023-04-19T11:46:28","date_gmt":"2023-04-19T06:16:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=570582"},"modified":"2023-04-19T11:46:28","modified_gmt":"2023-04-19T06:16:28","slug":"price-cap-on-russian-oil-worked-better-than-expected-bp-economist","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/price-cap-on-russian-oil-worked-better-than-expected-bp-economist\/","title":{"rendered":"Price cap on Russian oil worked better than expected: BP economist"},"content":{"rendered":"<p>The price cap on Russian oil has worked far better than anyone had expected and there was a delight in capitals from Washington to Brussels that Russian oil flows have increased to India while keeping Moscow&#8217;s revenue in check, BP chief economist Spencer Dale said on Tuesday.<\/p>\n<p>Since the outbreak of the Ukraine war, Russian oil has been selling at a deep discount to international benchmarks, making it a favourite feed for Indian refiners, which barely imported from Russia in previous years. After the G7 countries imposed a price cap of $60 per barrel on Russian oil in December 2022, the imports have further accelerated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price cap on Russian oil has worked far better than anyone had expected and there was a delight in capitals from Washington to Brussels that Russian oil flows have increased to India while keeping Moscow&#8217;s revenue in check, BP chief economist Spencer Dale said on Tuesday. Since the outbreak of the Ukraine war, Russian oil has been selling at a deep discount to international benchmarks, making it a favourite feed for Indian refiners, which barely imported from Russia in previous years. After the G7 countries imposed a price cap of $60 per barrel on Russian oil in December 2022, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-570582","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=570582"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570582\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=570582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=570582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=570582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}