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, January 16, 2023
Russia’s Seaborne Oil Exports Surge Despite Sanctions
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Russia’s Seaborne Oil Exports Surge Despite Sanctions

By Julian Lee (Bloomberg) Russia’s seaborne crude exports soared last week to the highest level since April, suggesting that the country has —

January 16, 2023
Total Views: 3528

Tuesday, January 10, 2023
Aerial view of tanker ship at sea. Stock Photo: Shutterstock/bob63
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G7 Nations Designing Price Caps on Russian Refined Oil Products

By Kevin Whitelaw (Bloomberg) — Group of Seven nations are aiming to design two price caps for Russian refined petroleum products to account for those

January 10, 2023
Total Views: 1157

Tuesday, December 27, 2022
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. REUTERS/Tatiana Meel//File Photo
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Putin Bans Oil Exports to Countries Imposing Price Cap

By Alexander Marrow and Vladimir Soldatkin MOSCOW, Dec 27 (Reuters) – President Vladimir Putin on Tuesday delivered Russia’s long-awaited

December 27, 2022
Total Views: 1270

Friday, December 16, 2022
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
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Tanker Shipowners Show Signs of Shunning Russia’s Asian Crude

By Serene Cheong, Julian Lee and Sharon Cho (Bloomberg) — There are tentative signs that oil tanker companies are avoiding sending their ships to

December 16, 2022
Total Views: 1804

Saturday, December 10, 2022
Commercial vessels, including oil tankers, wait at an anchorage in the Black Sea off Kilyos near Istanbul, Turkey, December 9, 2022. REUTERS/Umit Bektas
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Oil Tanker Sails Through Bosphorus In Sign Insurance Spat Easing

By Alaric Nightingale (Bloomberg) –Turkish authorities allowed an oil tanker to pass through country’s vital Bosphorus shipping strait, suggesting

December 10, 2022
Total Views: 1661

Friday, December 9, 2022
EU Says G7 Oil Price Cap Not to Blame for Turkey Tanker Queues
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EU Says G7 Oil Price Cap Not to Blame for Turkey Tanker Queues

By Kate Abnett BRUSSELS, Dec 9 (Reuters) – The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of

December 9, 2022
Total Views: 605

Thursday, December 8, 2022
Turkey Holds Firm on Tanker Insurance Demand as Jam Worsens
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Turkey Holds Firm on Tanker Insurance Demand as Jam Worsens

(Bloomberg) — A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait escalated on Thursday,

December 8, 2022
Total Views: 2209

Wednesday, December 7, 2022
Turkish Strait Oil Tanker
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Russia is Concerned Over Oil Tanker Jam in Bosphorus – RIA

MOSCOW, Dec 7 (Reuters) – Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the issue with

December 7, 2022
Total Views: 1946

Tuesday, December 6, 2022
Turkish Tanker Jam Leaves Millions of Barrels Stuck at Sea
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Turkish Tanker Jam Leaves Millions of Barrels Stuck at Sea

By Julian Lee and Alex Longley (Bloomberg) — Oil tankers hauling millions of barrels of Kazakh crude are being prevented from leaving the Black Sea to

December 6, 2022
Total Views: 4747

Monday, December 5, 2022
Tanker Jam Off Turkey as Price Cap on Russian Crude Kicks In
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Tanker Jam Off Turkey as Price Cap on Russian Crude Kicks In

Dec 5 (Reuters) – Oil tankers formed a traffic jam off the coast of Turkey on day one of the West’s price cap on Russian crude, with

December 5, 2022
Total Views: 2806

tanker at sea
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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

December 5, 2022
Total Views: 8459

Saturday, December 3, 2022
Russia Says It Won’t Accept Oil Price Cap
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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

December 3, 2022
Total Views: 2026

Friday, December 2, 2022
tanker at sea
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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

December 2, 2022
Total Views: 1013

Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
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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

December 2, 2022
Total Views: 1775

Thursday, December 1, 2022
File photo of an oil tanker at sea
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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

December 1, 2022
Total Views: 1304

Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
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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

December 1, 2022
Total Views: 908

Tuesday, November 29, 2022
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. REUTERS/Tatiana Meel/File Photo
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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

November 29, 2022
Total Views: 2447

Monday, November 28, 2022
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
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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

November 28, 2022
Total Views: 1090

Friday, November 25, 2022
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. REUTERS/Tatiana Meel//File Photo
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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

November 25, 2022
Total Views: 1730

Thursday, November 24, 2022
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. REUTERS/Tatiana Meel/File Photo
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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

November 24, 2022
Total Views: 1317