Russian Oil Price Cap

gCaptain’s full coverage of the G-7 and European countries’ price cap on Russian oil in response to Russia’s war on Ukraine.


Sunday, May 21, 2023
Russian-flagged oil tanker Pegas docked in Greece
Shipping

Oil Supply Won’t Be Affected By Stricter Price Cap Enforcement

HIROSHIMA, Japan, May 21 (Reuters) – The International Energy Agency (IEA) does not expect moves by the Group of Seven nations to counter the

May 21, 2023
Total Views: 836

Monday, May 8, 2023
two tankers conduct ship-to-ship transfer
Shipping

EU Puts Russian Ship-to-Ship Oil Transfers in its Crosshairs

By Ewa Krukowska and Alberto Nardelli (Bloomberg) — The European Union proposed prohibiting access to its ports for vessels that attempt to circumvent

May 8, 2023
Total Views: 5039

Thursday, May 4, 2023
tanker at sea
Shipping

Russian Oil Companies Ramp Up May Exports to Meet Asian Demand

MOSCOW, May 4 (Reuters) – Russia is expected to increase seaborne oil exports from its western ports this month to a four-year high to meet

May 4, 2023
Total Views: 1626

Friday, April 28, 2023
File photo of an oil tanker at sea
Uncategorized

Rising Oil Prices Complicate Russian Price Cap Checks for Marine Insurers

By Alex Longley (Bloomberg) — Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if they can

April 28, 2023
Total Views: 489

Wednesday, April 26, 2023
Russian Oil Tankers
Shipping

Researchers Suspect ‘Widespread’ Violations of Russian Oil Price in Asia

By Alaric Nightingale (Bloomberg) — Widespread breaches of the Group of Seven oil price cap likely took place in Asia in the first quarter, according to

April 26, 2023
Total Views: 3069

Thursday, April 20, 2023
oil tanker
Shipping

Mumbai-Based Tanker Company Loses Insurance Over Russian Oil

By Alex Longley and Julian Lee (Bloomberg) — An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet

April 20, 2023
Total Views: 16070

Tuesday, April 18, 2023
File photo of an oil tanker at sea
Shipping

China and India Snapping Up Russian Oil Above Western Price Cap

MOSCOW, April 18 (Reuters) – India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price

April 18, 2023
Total Views: 2699

Tuesday, April 11, 2023
oil tanker vlcc ship shipping
Shipping

Russia’s Flagship Oil Is Moving Ever Closer to $60-a-Barrel Price Cap

By Sharon Cho (Bloomberg) — The price of Russian oil is nearing a threshold that could create complications for the country’s biggest buyers. 

April 11, 2023
Total Views: 3178

Thursday, March 30, 2023
Russia Relying on Western Insurance for Half of Oil its Shipments
Shipping

Russia Relying on Western Insurance for Half of Oil its Shipments

By Bloomberg News (Bloomberg) — Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to

March 30, 2023
Total Views: 4393

Monday, March 27, 2023
two tankers conduct ship-to-ship transfer
Shipping

Spain Tightens Rules on Ship-to-Ship Oil Transfers

MADRID, March 27 (Reuters) – The Spanish government has tightened its rules around ship-to-ship oil transfers after an uptick in the activity

March 27, 2023
Total Views: 3749

Saturday, March 18, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog
Shipping

Tanker Giants Sprout From Nowhere To Keep Russian Oil Moving

By Elizabeth Low Mar 18, 2023 (Bloomberg) –At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have

March 18, 2023
Total Views: 16543

Monday, March 6, 2023
tanker at sea
Shipping

Russia Oil Still Switching Hands Off Spain Coast

By Sherry Su (Bloomberg) — A large amount of Russian oil continues to be transfered between tankers just a few miles off the coast of Spain — just a

March 6, 2023
Total Views: 7163

Sunday, February 26, 2023
Russia Sold Oil Far Above Price Cap, Researchers Say
Shipping

Russia Sold Oil Far Above Price Cap, Researchers Say

By Bloomberg News (Bloomberg) –Russian companies got far more money from selling the country’s oil than previously thought in the weeks that

February 26, 2023
Total Views: 5098

Thursday, February 23, 2023
Bay Off Southern Greece Becomes Cog in Russia’s Oil Supply Chain
Shipping

Bay Off Southern Greece Becomes Cog in Russia’s Oil Supply Chain

By Julian Lee, Alberto Nardelli and Slav Okov (Bloomberg) — Millions of barrels of Russian crude and fuels have been switched between tankers just a few

February 23, 2023
Total Views: 5714

Friday, February 17, 2023
Cyprus Rallies EU Partners to Get Shipping Sector Support
Shipping

Cyprus Rallies EU Partners to Get Shipping Sector Support

By Michele Kambas NICOSIA, Feb 17 (Reuters) – Cyprus is speaking to other European Union member states to shore up support for

February 17, 2023
Total Views: 1003

Thursday, February 16, 2023
oil tanker
Shipping

Western Mediterranean Drug Trafficking Hub Used to Obscure Russian Oil, Report Says

By Elizabeth Low (Bloomberg) — There’s been a rise in shipping practices used to move Russian crude and oil products that are aimed at deceiving

February 16, 2023
Total Views: 2926

Maersk-Operated Tanker Denied Entry by Spain Seeks New Port
Shipping

Maersk-Operated Tanker Denied Entry by Spain Seeks New Port

LONDON, Feb 16 (Reuters) – Singapore-flagged tanker Maersk Magellan is looking for another location after being stopped from entering a Spanish port

February 16, 2023
Total Views: 6658

Wednesday, February 15, 2023
Russia’s Dark Tanker Fleet Gets Stretched Sailing Thousands of Miles
Shipping

Russia’s Dark Tanker Fleet Gets Stretched Sailing Thousands of Miles

By Julian Lee (Bloomberg) — Russia assembled a huge fleet of tankers to beat western sanctions. They’re struggling to get the job done, writes

February 15, 2023
Total Views: 15596

Saturday, February 11, 2023
An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022
Shipping

Russian Fuel Exports Stumble In Early Days After European Ban

By Prejula Prem (Bloomberg) –Russian fuel exports are showing signs of a slowdown just five days after the European Union — Moscow’s main market —

February 11, 2023
Total Views: 5173

Sunday, February 5, 2023
The EU’s Ban On Russian Diesel Won’t Really Stop Fuel Flows
Shipping

The EU’s Ban On Russian Diesel Won’t Really Stop Fuel Flows

By Jack Wittels (Bloomberg) –For decades, a steady stream of ocean tankers has filed back and forth between a small cluster of ports in northwest

February 5, 2023
Total Views: 3311
close

JOIN OUR CREW

Maritime and offshore news trusted by our 93,913 members delivered daily straight to your inbox.