G7 crude tankers withdraw from Russia with Urals rising above price cap

G7-linked crude tankers started to withdraw from Russia in March, with rising crude prices limiting their trading 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 20.3% of Russia’s crude exports of 3.4 million b/d last month, according to data from S&P GlobalG7-linked crude tankers started to withdraw from Russia in March, with rising crude prices limiting their trading 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 20.3% of Russia’s crude exports of 3.4 million b/d last month, according to data from S&P GlobalRead More