Russia’s oil storage capacity is limited. When a refinery is destroyed or damaged, therefore, extracted crude oil cannot ...
The Energy Department will pay up to $79.99 a barrel after emergency oil reserves dwindled near the lowest level in four ...
A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into joining ...
Moscow has dramatically reduced its need for Western ships or services by building up a shadow fleet of tankers.
The UK has a limited record of sanctions enforcement — imposing fines of only £20.7 million ($25.9 million) since January ...
UK-based International Group of P&I Clubs, a global insurance company, says a growing shadow fleet is making it less and less ...
The International Group of P&I Clubs (IG) has criticised the “flawed regime” of the Russian oil price cap (OPC), which it ...
Russia’s oil and gas revenues climbed to $13.5 billion in April, nearly double the amount from a year earlier.
Russian oil is trading far in excess of a Group of Seven price cap that's supposed to deprive Moscow of revenue for its war in Ukraine. Russian oil is trading far in excess of a Group of Seven ...
A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart ...
The price of Russian oil is blowing past the $60 a barrel cap set by G-7 countries, highlighting the difficulty the West has had in curtailing energy revenues that have been used to fund Russia's ...