Published 1 year ago

Tensions rise over oil tanker traffic jam in Turkish waters

Summary by Ground News

G7 and EU price cap on Russian oil exports has left at least 20 tankers stranded in Turkish waters. Vessels carrying Russian oil can only receive Western insurance coverage if the cargo is being marketed at or below the cap price of $60 per barrel. The UK and the U.S. are trying to convince Turkey to drop its demand for insurance cover proof.

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Oil & Gas 360

Tensions rise over oil tanker traffic jam in Turkish waters

Oil Price Tankers carrying largely Kazakh crude oil from Russian ports to international markets are stuck in Turkish waters in the Bosphorus and the Dardanelles because Turkey is insisting on them presenting proof of insurance. The tanker jam … The post Tensions rise over oil tanker traffic jam in Turkish waters appeared first on Oil & Gas 360.

1 year ago·Denver, United States

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Tensions rise over oil tanker traffic jam in Turkish waters

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Tensions rise over oil tanker traffic jam in Turkish waters

Tensions rise over oil tanker traffic jam in Turkish waters

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