Russian Oil Price Cap

By Bloomberg News (Bloomberg) — Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s

India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This

WASHINGTON, May 28 (Reuters) – The United States and its partners are prepared to use sanctions and export controls to prevent China-Russia

LONDON, April 30 (Reuters) – A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into

By Alex Longley and Julian Lee (Bloomberg) — A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an

Despite restrictions, the Russian crude trade is expected to continue at discounted prices, benefiting the crude tanker market for vessels not subject to

By Sherry Su (Bloomberg) — Two tankers carrying Russian flagship Urals crude have been idling off the West Coast of India for more than three weeks

The U.S. Department of the Treasury on Friday imposed sanctions on Russia’s largest shipping company, Joint Stock Company Sovcomflot (Sovcomflot), part

The U.S. Treasury Department released a new report Friday detailing the impact of the second phase of a policy capping the price of Russian oil, two years into

(Bloomberg) — A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions,

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on four entities and identified one tanker as blocked

The U.S. has imposed new sanctions on a UAE-based shipping company operating eighteen vessels for transporting Russian crude oil above the $60 per barrel price

This year proved once again that the maritime industry is one of the most important and exciting industries on the planet. As 2023 comes to a close,

By Daphne Psaledakis and Timothy Gardner WASHINGTON, Dec 1 (Reuters) – The United States on Friday imposed additional sanctions related to the price

MOSCOW, Nov 21 (Reuters) – Russian Urals oil prices bounced back above the $60 a barrel Western price cap as global prices rose and

By Florence Tan, Muyu Xu and Nidhi Verma SINGAPORE/NEW DELHI, Nov 17 (Reuters) – Three oil tankers, newly sanctioned by Washington, regularly shipped

By Daphne Psaledakis WASHINGTON, Nov 16 (Reuters) – The United States on Thursday imposed sanctions on maritime companies and vessels for shipping oil

Nov 15 (Reuters) – Russian oil tankers are not targeted in the European Commission’s proposal for tightening the implementation of a

(Bloomberg) — The US Treasury’s sudden flurry of letters to tanker companies for potentially breaching a Group of Seven price cap on Russian oil

WASHINGTON, Nov 13 (Reuters) – The U.S. Treasury Department has sent notices to ship management companies requesting information about 100 vessels it