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Russia's Flagship Crude Oil Surpasses G-7 Price Cap for First Time - Vimarsana News

Russia's Flagship Crude Oil Surpasses G-7 Price Cap for First Time

(Bloomberg) -- Russia’s flagship Urals crude oil breached a price cap set by the Group of Seven, a blow to western sanctions and potentially an economic win for Moscow.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsGoldman Breaks Its Own Rule to Flag Results Much Worse Than RivalsSaudi Arabia’s PIF Wealth Fund Takes $11 Billion Investment HitUS Inflation Hits Two-Year Low, Giving Hope for End to Fed Hi

Source: yahoo.com
Author: Craig Kennedy, Harvard University In January 2023, Russian President Vladimir Putin instructed senior Kremlin officials to find solutions to something he termed the 'diskont' — a problem he feared could 'cause issues with the budget'. Putin was referring to the deep price reductions or 'discounts' Russian oil exporters have been forced to offer to Russian oil exporters cast a shadow on Western sanctions - Vimarsana News

Author: Craig Kennedy, Harvard University In January 2023, Russian President Vladimir Putin instructed senior Kremlin officials to find solutions to something he termed the 'diskont' — a problem he feared could 'cause issues with the budget'. Putin was referring to the deep price reductions or 'discounts' Russian oil exporters have been forced to offer to Russian oil exporters cast a shadow on Western sanctions

Oil sanctions against Russia threaten to erode Moscow’s economic resilience, shrink profits due to high freight costs to deliver to Asian buyers and heighten the risk of shadow fleet vessels causing catastrophic spills.

Report: Singapore Sees Dramatic Jump in Detentions Due to Shadow Fleet - Vimarsana News

Report: Singapore Sees Dramatic Jump in Detentions Due to Shadow Fleet

A growing array of participants from around the shipping industry are raising concerns about the increasing dangers as the shadow fleet of tankers con...

Singapore Detains Record Number Of Oil Tankers As Shadow Fleet Expands - Vimarsana News

Singapore Detains Record Number Of Oil Tankers As Shadow Fleet Expands

Singapore, a major hub for oil transportation and storage, has detained more oil and chemical tankers this year than any previous year.

Three missing from burning tanker off Malaysia - Vimarsana News

Three missing from burning tanker off Malaysia

Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a Malaysian maritime enforcement agency official said on Tuesday.