Russia likely to struggle to find enough tankers to evade G7 oil price cap

摘要

Russia may be unable to redirect all its seaborne oil exports away from Europe as the number of tankers willing to service Russian oil trade dwindles ahead of the G7’s price cap mechanism, analysts and shipping brokers told S&P Global Commodity Insights. With the G7’s price cap for seaborne Russian crude set to kick in Dec. 5, questions are growing in shipping circles over how the world’s second-highest crude exporter will maintain its exports amid rising logistics hurdles.