The Wartime Risk Insurers Making Fortunes Keeping Trade Moving January 6, 2025 By Alex Longley Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of...
G-7 Considers Options to Harden Price Cap on Russian Oil December 20, 2024 By Ewa Krukowska and Alberto Nardelli Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better...
Denmark Warns That Russia May Send Warships to Escort Oil Tankers December 19, 2024 By Sanne Wass Denmark warned that Russia’s navy may start escorting the so-called shadow fleet tankers through Danish straits to escalate provocations against...
Third Tanker Sends Distress Call as Oil Washes Up on Russia’s Black Sea Coast December 18, 2024 By Vladimir Soldatkin Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly...
Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’ December 16, 2024 By Gleb Stolyarov Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers...
Ukraine Identifies Tankers It Says Are in Russia’s Shadow Oil Fleet December 13, 2024 Ukraine identified 238 tankers it said belong to a shadow fleet of ships that Russia is using to keep its...
Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe September 20, 2024 By Bloomberg News Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only...
Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India September 18, 2024 By Nidhi Verma and Gleb Stolyarov Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from...
Cargo Ship Sustains Damage After Houthi Attack in Gulf of Aden July 19, 2024 A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to...
Russian Tactics Make Secret Tanker Oil Switching Harder to Trace July 17, 2024 By Julian Lee Two near-identical oil tankers trying to beat western sanctions. A secret transfer of Russian crude halfway between Iran and Oman....