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Russia’s European Crude Sales Collapse
By Julian Lee (Bloomberg) — Russia’s crude oil shipments to Europe are shrinking fast. A European Union ban on seaborne imports from the country is
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.
Monday, December 5, 2022
Saturday, December 3, 2022
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Russia Says It Won’t Accept Oil Price Cap
By Caleb Davis and Mark Trevelyan Dec 3 (Reuters) – Russia “will not accept” a price cap on its oil and is analyzing how to
Friday, December 2, 2022
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Europe Sets $60 Price Cap on Russian Oil
By Ewa Krukowska, Alberto Nardelli and Jorge Valero (Bloomberg) — The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving
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Shipping Costs for Russian Oil Soar Ahead of More Sanctions
By Serene Cheong and Alex Longley (Bloomberg) — Shipping costs for Russian crude are skyrocketing as more tanker owners shun the trade days
Thursday, December 1, 2022
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EU Closes in on Price Cap for Russian Oil as Poles Hold Out
By Alberto Nardelli, Ewa Krukowska and Jorge Valero (Bloomberg) — The European Union is closing in on a deal to cap the price of Russian crude oil at
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EU Agrees to Tentative $60 a Barrel Price Cap on Russian Seaborne Oil
By Jan Strupczewski and Kate Abnett BRUSSELS, Dec 1 (Reuters) – European Union governments tentatively agreed on Thursday on a $60 a barrel
Tuesday, November 29, 2022
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Russia Seeking Shipping Insurance Recognition to Dodge Oil Cap
Nov 29 (Reuters) – Moscow is seeking to bolster the recognition of Russian maritime cargo insurance to allow it to ship oil and related
Monday, November 28, 2022
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Russia Oil Turmoil Seen Driving Tanker Market Higher
By Jonathan Saul LONDON, Nov 28 (Reuters) – Tough new sanctions on Russian oil shipments taking effect from December are likely to boost
Friday, November 25, 2022
News
Price Cap Halted As Poland Demands Harsher Penalty On Russian Oil
By Ewa Krukowska (Bloomberg) European Union diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states objected to a proposal
Thursday, November 24, 2022
News
Vitol Says It Will Keep Buying Russian Oil
By Sharon Cho (Bloomberg) –Top trader Vitol Group is still buying “very modest” volumes of Russian oil products and is studying whether the company
Wednesday, November 23, 2022
Shipping
Russia’s Tanker Fleet Too Small to Bypass Oil Price Cap
By Noah Browning and Julia Payne LONDON, Nov 23 (Reuters) – Russia’s oil tanker fleet is too small to fully circumvent a plan by the
Tuesday, November 22, 2022
Shipping
Soaring Tanker Rates Pile Pressure on Crude Markets
By Sherry Su, Sharon Cho, Bill Lehane and Lucia Kassai (Bloomberg) — Soaring shipping costs are piling pressure onto physical oil markets that are
Monday, November 21, 2022
News
India’s Oil Buyers Push To Load Russian Crude Before Sanctions
By Debjit Chakraborty (Bloomberg) India’s oil refiners are looking to pick up a bit more Russian crude in last-minute purchases just weeks before new
Saturday, November 12, 2022
Offshore
Russia Faces Oil Shut-In or Price Cap Amid Sanctions
By Christopher Condon Nov 12, 2022 (Bloomberg) –Treasury Secretary Janet Yellen said it’s “very likely” that European sanctions will force
Friday, November 4, 2022
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G7 Agree to Fixed Price Cap on Russian Oil By Sea -Sources
By Andrea Shalal, Noah Browning and Timothy Gardner WASHINGTON/LONDON, Nov 4 (Reuters) – The Group of Seven rich nations and Australia have
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