Insurance-Related Oil Tanker Backlog Starts to Clear in Turkey’s Vital Shipping Strait December 12, 2022 By Alex Longley and Alaric Nightingale A backlog of tankers waiting to haul oil through Turkey’s vital shipping straits appeared to start clearing, offering hope that...
G7 Price Cap on Russia Oil Not to Blame for Tanker Queues: EU Says December 9, 2022 By Kate Abnett The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of tankers waiting in...
Sanctions, Insurance Standoff Escalates, With More Oil Tankers Stuck in Turkish Strait December 9, 2022 By Firat Kozok, Taylan Bilgic and Patrick Sykes A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait...
Millions of Barrels of Oil Stuck Near Turkey on Sanctions-Related Insurance Glitch December 8, 2022 By Alex Longley, Sherry Su and Christopher Condon A backlog of oil tankers at the Turkish straits continues to build up as negotiations failed to produce a solution...
Oil Tanker Clears Turkish Shipping Logjam With Letter From Russian Insurer: Document December 7, 2022 A letter provided by Russian insurer Ingosstrakh enabled the first oil tanker to sail through Turkish waters in recent days...
Russia Oil Sanctions Fuel Boom for Old Tankers December 6, 2022 By Julia Payne and Jonathan Saul The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade...
Turkey’s Proof-of-Insurance Rule Ensnares Russian Oil Shipments December 6, 2022 By Alex Longley Oil shipments from Russia and Kazakhstan are getting ensnared in a Turkish government rule to provide proof that tankers are...
Here’s What You Need to Know About Russia Oil Sanctions, Effective Dec. 5 December 5, 2022 By Alex Longley After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday....
EU Agrees to $60 Price Cap for Russian Oil, Allowing Buyers to Access Insurance December 2, 2022 By Ewa Krukowska, Alberto Nardelli and Jorge Valero The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for...
Western Governments Struggle to Set Russian Oil Price Cap Before Dec. 5 November 30, 2022 Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability...