By Birgit Jennen, Michael Nienaber and Alberto Nardelli (Bloomberg) –Group of Seven negotiators agreed that discussions on a potential price cap on Russian oil had progressed enough to send the issue…
https://gcaptain.com/g-7-negotiators-put-russia-oil-price-cap-on-agenda-for-leaders/
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June 18 (Reuters) – Russia’s state-run Sovcomflot has insured all its cargo ships with Russian insurers and the cover meets international rules, the chief executive said, after Western insurers withdrew cover. Western…
https://gcaptain.com/sovcomflot-fleet-fully-covered-by-russian-insurers/
By Julian Lee (Bloomberg) — Russia is earning less from its oil exports, even as seaborne crude shipments surge to a six-week high. That’s because of the big discounts that Moscow is having to…
https://gcaptain.com/russias-crude-oil-revenues-take-a-hit-even-as-exports-swell/
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https://www.freightwaves.com/news/daily-infographic-russia-tanker-business-is-alive-and-well
WARSAW, May 20 (Reuters) – Poland would be interested in cooperating with Portugal on potential LNG trans-shipping, Prime Minister Mateusz Morawiecki said on Friday, adding that gas could be sent to other…
https://gcaptain.com/poland-looking-become-a-lng-transshipment-hub/
By Chen Aizhu and Florence Tan SINGAPORE, May 20 (Reuters) – China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to…
https://gcaptain.com/china-quietly-ramping-up-purchases-of-cheap-russian-oil/
Two supertankers loaded with Russian oil are en route to a storage facility in South Africa.
The Searacer and Elandra Denali, each carrying about 2.1 million barrels of oil, are headed to the Port of Saldanha, a hub for crude oil storage, according to Argus. American Shipper has verified the destinations through MarineTraffic.
Andy Lipow of Lipow Energy Associates tells American Shipper the only reason for vessels to berth in Saldanha is to store oil.
“This shows you the sanctions are having a...
https://www.freightwaves.com/news/russian-oil-heading-to-storage-in-south-africa
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
’That sinking feeling has now hit shares in Europe after falls on Wall Street amid concerns that inflationary pressures are still mounting and growing evidence that consumer confidence is suffering amid the cost of living squeeze.
The FTSE 100 and FTSE 250 have opened lower, but there were sharper falls on the DAX in Germany and the CAC 40 in Paris. Worries are resurfacing about an escalation of the war...
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