![]() ![]() The price cap targets the provision of shipping insurance and other maritime services for cargoes of Russian crude acquired FOB values over $60/b. ![]() Platts, part of S&P Global Commodity Insights, assessed Urals on a FOB Primorsk basis at $60.32 /b on July 11, the highest level since mid-November 2022 before the $60/b price cap on Russian crude came into force.ĭesigned to keep Russian oil flowing to world markets while hitting Moscow's oil revenues, G7 restrictions on shipping Russian crude bought for more than $60/b came into effect on Dec. An ongoing impasse between Turkey and Iraq blocking some 450,000 b/d of sour Kurdish crude flow via Ceyhan is supporting sour crude values. Urals values have been lifted along with other medium sour crude grades after Saudi Arabia and Russia pledged to slash their crude output by 1 million b/d and exports by 500,000 b/d respectively in August. Receive daily email alerts, subscriber notes & personalize your experience. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |