Nearly half of Russia fuel oil assessed above G7 price cap shipped on Western tonnage
Over November, 46% of the 19m barrels of fuel oil exported from Russia was on Greece-owned tankers, while the assessed price averaged 18.6% above the cap, based on data from Vortexa, Argus Media and Lloyd’s List Intelligence
Under the cap, shipowners provide attestations to regulators for each voyage showing their cargo was lower than the cap. As ‘tier 3’ providers, shipowners have no direct access to pricing information
