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...
Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B October 21, 2016 By Jonathan Saul and Carolyn Cohn Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace...
Iran Oil-Shipping Insurance Seen Unusable on Lack of Clarity January 29, 2014 By Alaric Nightingale Insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions...