‘Shadow Fleet’ of Tankers Transporting Russian Oil Swells to 600 Ships: Trafigura February 6, 2023 By Archie Hunter, Alix Steel and Grant Smith The “shadow fleet” of ships that transport Russian oil around the world has expanded to around 600 tankers, according to...
Factbox: Here Are Main Elements of New G7-Led Price Cap on Russian Oil Products February 6, 2023 The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other...
G-7 Nations, EU Agree to Price Caps on Russian Refined Oil Products February 6, 2023 European Union countries agreed to set price caps on Russian refined oil products to limit Moscow’s funds for its invasion...
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap February 1, 2023 Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held...
Intercontinental Exchange to Start Rival London Gas Market to Dodge EU Price Cap January 30, 2023 By John Ainger Intercontinental Exchange Inc. will open a parallel natural gas market in London to help traders avoid potential disruptions from new...
EU Eyes $100/Barrel Cap on Russian Premium Oil Products in Next Round of Sanctions January 27, 2023 The European Commission is proposing that the EU set a $100 per barrel price cap on premium Russian oil products...
Russia’s Flagship Oil Sells at Half Global Prices, Below G7 Imposed Cap January 9, 2023 By Alaric Nightingale Russia’s flagship oil is selling at less than half international prices — and way below a Group of Seven imposed...
Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters December 30, 2022 By Ritsuko Shimizu and Yuka Obayashi Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war...
How Will Japan Secure Shipping Insurance for Imports of Russian LNG? December 29, 2022 By Yuka Obayashi Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from...
Ship Insurers’ Exodus From Russia-Ukraine Risks Gathers Momentum December 29, 2022 By Alex Longley and Alaric Nightingale A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a...