G7 tankers return to Russia on weak Urals despite security worries

G7 tankers have recovered share in Russia’s crude export market in recent weeks, according to ship-tracking data, as a slump in Urals prices provides trade opportunities within the price cap. Tankers flagged, owned or operated by companies based in G7 countries and their allies, or insured by Western protection and indemnity clubs, lifted 31.9% of Russia’s crude exports of 3 million b/d on Jan.G7 tankers have recovered share in Russia’s crude export market in recent weeks, according to ship-tracking data, as a slump in Urals prices provides trade opportunities within the price cap. Tankers flagged, owned or operated by companies based in G7 countries and their allies, or insured by Western protection and indemnity clubs, lifted 31.9% of Russia’s crude exports of 3 million b/d on Jan.Read More