Non-Western tankers ship majority of Russian crude as G7 struggles to enforce price cap
October 12, 2023 Comments Off
Three-fifths of Russia’s seaborne crude exports are now being shipped by tankers not required to comply with the G7 oil price cap, according to S&P Global data, making it increasingly difficult for the US and its allies to curb Moscow’s oil revenue by limiting access to key marine services. In September, nearly 2 million b/d, or 60%, of Russian crude…
Non-Western tankers ship majority of Russian crude as G7 struggles to enforce price cap
Three-fifths of Russia’s seaborne crude exports are now being shipped by tankers not required to comply with the G7 oil price cap, according to S&P Global data, making it increasingly difficult for the US and its allies to curb Moscow’s oil revenue by limiting access to key marine services. In September, nearly 2 million b/d, or 60%, of Russian crude…
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