Energy
04 December 2023, 10:24 am 1 minute
Reuters exclusively reported that The U.S., EU and UK are pressuring Liberia, the Marshall Islands and Panama to increase oversight of ships carrying their flags to ensure they do not transport Russian oil sold above the price cap.
Market Impact
The goal of the pressure is to not reduce the number of ships carrying Russian oil on the water, but to tighten compliance on the cap and to make it more expensive for Russia to move oil without using Western shipping services. It also seeks to give leverage to countries buying oil outside the price-cap coalition to get discounted oil from Russia.
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & EnergyTransport & Logistics
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story