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 ...
The U.S. State Department believes oil services firm SLB has not violated sanctions against Russia and the company has been ...
A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart ...
Russia’s crude flows fell for a second week in the seven days to April 28, with fewer vessels leaving the key ports of ...
UK-based International Group of P&I Clubs, a global insurance company, says a growing shadow fleet is making it less and less ...
The U.S. State Department believes oil services firm SLB has not violated sanctions against Russia and the company has been ...
Brian Nelson, the Treasury’s undersecretary for terrorism and financial intelligence, will visit the region as Washington ...
In April, Russia sold Urals oil above $70 per barrel, exceeding a $60 per barrel Western price cap by around $10 as it has ...
The Swedish Club, one of the 12 members of the International Group of P&I Clubs, says it faces a thirtyfold increase in ...
The International Group of P&I Clubs (IG) has criticised the “flawed regime” of the Russian oil price cap (OPC), which it ...
The scheme was extended to refined in February 2023 with two separate caps of $100 for premium products, such as diesel, and ...