Russian tanker operators lift crude exports to highest level since G7 price cap

AI Summary

Russia increased crude oil exports in September to their highest level since the G7 price cap was imposed, relying more heavily on tankers outside G7 jurisdictions. Domestic operators accounted for a notable share of shipments, highlighting the role of non-Western shipping and insurance networks in sustaining Russian crude flows.

Russia increased crude exports in September by relying more heavily on non-G7 tankers, particularly those operated by domestic companies, whose shipments reached their highest level since Western nations imposed a price cap. Tankers flagged, owned and operated by companies not based in G7 countries and their allies, and not insured by Western protection and indemnity ...