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...
Russia Seeks to Boost Recognition of its Shipping Insurance to Dodge Sanctions November 30, 2022 Moscow is seeking to bolster the recognition of Russian maritime cargo insurance to allow it to ship oil and related...
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...
Russia Oil Exporter Rosneft Moves Into Tanker Chartering as Western Sanctions Loom October 18, 2022 By Nidhi Verma Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western...
Exxon’s Russia Oil Output Collapsed After Rejection of Local Tanker Insurance: Sources October 17, 2022 Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept local insurance...