News Snapshot:
Russia will respond to a US-led oil price cap by shipping more crude supplies to Asia, its energy minister said Tuesday. Nikolai Shulginov also warned that Western efforts to limit prices paid for Russia's oil exports will unsettle the market, according to a Reuters report . "Any actions to impose a price cap will lead to deficit on (initiating countries') own markets and will increase price volatility," Shulginov said at the Eastern Economic Forum, per Reuters. G7 finance ministers on Friday endorsed the plan to cap the price of Russian crude , in an effort to hit Moscow's still healthy...
