Russian Oil Price Cap

(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

By Daniel Flatley and Christopher Condon (Bloomberg) — The US imposed the first sanctions for violations of the price cap on Russian oil introduced by

By Timothy Gardner and Daphne Psaledakis WASHINGTON, Oct 12 (Reuters) – The U.S. on Thursday imposed the first sanctions on owners of tankers carrying

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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