Moscow has dramatically reduced its need for Western ships or services by building up a shadow fleet of tankers.
A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into joining ...
Moscow has been utilising its shadow fleet to bypass sanctions, according to a report by Kyiv School of Economics.
A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart ...
Only a week ago Antonio Carlos Balestra di Mottola was revealed as the new chief executive of d’Amico International Shipping. Having taken the chair from his stepfather, Paolo d’Amico, Ian Lewis ...
Brian Nelson, the Treasury’s undersecretary for terrorism and financial intelligence, will visit the region as Washington ...
The Russian economy ministry has downgraded its forecasts for the country's crude oil export prices for the next three years ...
S&P Global thinks that Russian oil supply disruptions may hit 1.5 million bpd in Q1 2023. The oil market will become more sensitive to price cap news closer to December 5. G7 Countries Work On ...
UK-based International Group of P&I Clubs, a global insurance company, says a growing shadow fleet is making it less and less ...
Russia's Urals crude is selling for $75 per barrel, exceeding the G7's $60 price cap. The US believes broader market trends and geopolitics are driving the higher price. Tighter sanctions ...
WASHINGTON: Once seen as misguided and unworkable, the United States-conceived price cap on Russian crude oil exports is showing signs of success – for now – since it was implemented late last ...
In April, Russia sold Urals oil above $70 per barrel, exceeding a $60 per barrel Western price cap by around $10 as it has ...