G7 crude tankers return to Russia as Urals trades close to price cap

The share of G7-linked crude tankers in Russia rebounded to a seven-month high in October, supported by recent Russian crude weakness as their operators found trade opportunities without breaching the price cap. Data from S&P Global Commodities at Sea and Maritime Intelligence Risk Suite showed 24.8% of Russia’s 3.7 million b/d seaborne crude exports were loaded by ships flagged, owned…The share of G7-linked crude tankers in Russia rebounded to a seven-month high in October, supported by recent Russian crude weakness as their operators found trade opportunities without breaching the price cap. Data from S&P Global Commodities at Sea and Maritime Intelligence Risk Suite showed 24.8% of Russia’s 3.7 million b/d seaborne crude exports were loaded by ships flagged, owned…Read More