Russia Says It Won’t Sell Oil to Nations That Cap Prices November 22, 2022 By Bloomberg News Russia doesn’t plan to supply crude or oil products to nations that implement a price cap, according to Deputy Prime...
Turkey to Demand Oil Tankers Have Proof of Insurance, Adding Teeth to Russia Sanctions November 17, 2022 By Alex Longley, Ugur Yilmaz and Ercan Ersoy Turkey warned the world’s oil shippers they will need to prove they’re insured to cross the country’s vital straits, a...
Five Iran-Connected Oil Tankers Lose Their Flags Following U.S. Sanctions November 15, 2022 By Marianna Parraga The international ship registries of Djibouti and the Cook Islands suspended the flags on five oil tankers, following sanctions by...
Reuters: Russian Oil Cap Spurs Insurer Fears of Oil-Laden Ships Being Left at Sea November 11, 2022 Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and...
Grounded Oil Supertanker Could Take Month to Free: Indonesian Navy November 8, 2022 Indonesian authorities said on Monday it could take up to a month to free a crude oil tanker stuck in...
UK to Cap Price of Russian Oil Using Insurance, Brokerage, Shipping Services Ban November 4, 2022 By Joe Mayes The UK government is to cap the price of Russian oil for any company in the world using the country’s...
Lloyd’s Insurer Ascot Resumes Quoting Cargo Insurance for Black Sea Grain Shipments November 2, 2022 Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance facility for the Black Sea grain corridor,...
Russia Says it Will Resume Participation in Ukraine Grain Deal November 2, 2022 By Ali Kucukgocmen and Pavel Polityuk Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing...
Insurers Stop Offering Cargo Insurance for Ukraine Grains Shipments: Sources November 2, 2022 By Jonathan Saul and Carolyn Cohn Insurers are no longer offering new cargo insurance cover for shipments out of Ukraine through a U.N.-backed safe corridor after...
Update: Lloyd’s Insurer Ascot Pauses Writing New Cover for Ukrainian Grain Shipments October 31, 2022 Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black...