EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil May 20, 2025 By Jan Strupczewski The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on...
EU to Propose More Sanctions on Russia’s ‘Shadow’ Oil Tankers May 8, 2025 By Alberto Nardelli and Andrea Palasciano The European Union’s executive arm is set to propose a new package of sanctions targeting Moscow’s covert fleet of oil...
Sweden Probe Finds No Conclusive Evidence of Deliberate Damage to Subsea Cables April 16, 2025 A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage...
German Court to Review Seizure of Russian ‘Shadow Fleet’ Tanker April 15, 2025 A German court will weigh a request to release a seized oil tanker that is believed to be part of...
Global Shipping Insurance May Shift if Sanctions End, BIMCO Says March 25, 2025 By Weilun Soon The global shipping industry should be open to working with a new group of insurers that emerged to support Russia’s...
Germany Confiscates Tanker in Russian ‘Shadow Fleet,’ Spiegel Reports March 21, 2025 By Rachel More and Friederike Heine Germany seized a decrepit tanker found adrift off its northern coast in January that is believed to be part of...
Russia’s Rostelecom Says Baltic Sea Cable Damaged, Tass Reports February 10, 2025 A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday,...
Oil Executives Call for Cautious Return to Red Sea Navigation February 10, 2025 By Georgina McCartney and Sheila Dang Oil executives called on Thursday [Feb. 6] for a return to navigation through the Red Sea en route to the...
Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist February 7, 2025 By Julian Lee Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil...
Denmark to Intensify Scrutiny of Russia Shadow-Fleet Tankers February 6, 2025 By Sanne Wass and Alex Longley Denmark will ramp up inspections of ships transporting Russian oil through its narrow straits, in an effort to protect the...