Russian oil freight rates from Baltic to India fall further as Urals stays under price cap

Freight rates for Russian oil shipments from Baltic ports to India are falling further in April from recent highs, as Urals crude trades well below the $60 price cap, increasing tanker availability, two traders said. The Group of Seven countries, along with the EU, imposed a $60-per-barrel price cap on Russian oil in late 2022, …

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