Sanctions and the Shadow Fleet: How Russian Oil Caps are Reshaping Tanker S&P Market

When the G7 and EU revised the oil price cap on Russian crude in July 2025 cutting it from $60 to $47.60 per barrel it wasn’t just a diplomatic adjustment. It quietly redrew the shipping map for crude oil, with consequences still unfolding. As India and China continue to absorb large volumes of Russian barrels, …

Sanctions and the Shadow Fleet: How Russian Oil Caps are Reshaping Tanker S&P Market Read More »

Tankers: VLCC Market Fell Last Week

Clean LR2 LR2 freight in the MEG remained balanced this week with rates stable. The TC1 75kt MEG/Japan index stayed in the high WS120’s to Low WS130’s. A TC20 90kt MEG/UK-Continent trip also hovered around the $3.7mill mark. West of Suez, Mediterranean/East LR2’s didn’t move from $2.9mill for the second week on week for a …

Tankers: VLCC Market Fell Last Week Read More »

Scroll to Top