EU's Russian Oil Insurance Ban Would Have 'Massive Impact'

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
  • An EU ban on insuring Russian oil shipments, due to come into force by the end of the year, could send oil prices soaring.
  • The US Treasury is advocating a “price cap” on Russian oil shipments that is so far light on detail but would tweak existing EU sanctions.
  • The big winner from the stand-off is Russia, which has kept its oil exports stable by selling more discounted barrels to India and China.

The Issue

Sanctions, Policy and Regulation, Oil Trade
Even if Brussels slips on its timeline to phase out Russian gas, Moscow still faces a huge challenge in carving out new markets at home and abroad.
Thu, Aug 11, 2022
A bill on its way to finalization in Washington will enact a fee on companies' methane emissions while placing new methane regulations on the books.
Fri, Aug 12, 2022
The emirates continue to follow a light-touch approach toward Russia sanctions.
Fri, Aug 12, 2022