Western tankers increase transportation of Russian oil below the price limit
MOSCOW, 31 january (Reuters) – Western oil tankers, according to market sources and Eikon data january month Russia has increased the supply of crude oil, because Moscow’s flagship Urals brand oil prices below the international price limit.
“Group of Seven” (G7), Australia and 27 European Union country on December 5 Russia 60 per barrel of crude oil dollars set a price limit.
Border Europe Sea to non-EU countries way with Russia allows crude oil to be imported, but prohibits Western shipping and insurance companies from carrying cargo unless the crude is sold at or below that price.
Most of Russian oil is currently trading below that level, with offshore Urals crude free at $49.50 from Primorsk and $47.83 from Novorossiysk on Tuesday. dollars Sold at FOB price.
Crude loadings from Primorsk, Ust-Luga and Novorossiysk this month are on track to reach a monthly high of more than 9.5 million tonnes, supported by robust Asian demand, rising oil prices and more tanker availability, traders told Reuters.
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Oil loadings from Russia and Kazakhstan via Primorsk and Ust-Luga will rise to 7.4 million tonnes in January, the highest level since 2019, according to export plans and data from traders.
EU vessels, mostly from Greece, carried more than 2 million tons of Urals crude from Baltic and Black Sea ports in January, more than a quarter of Russia’s exports from those ports.
Reuters estimates, based on data shared by Eikon and traders, showed that volumes carried by EU vessels were nearly double the amount in December.
Russia’s Ministry of Energy and Ministry of Transport declined to comment. Russia has said that it will not accept restrictions on the price of oil.
GREEK RELIEF
Greek-owned ships operated by Greek management companies january At least 21 flights of Russian raw materials were carried out to a number of destinations.
According to Refinitiv Eikon ship tracking and shipping resources Greece shipping companies include TMS Tankers Management, Stealth Maritime, Kyklades Maritime, Dynacom, Delta Tankers, NGM Energy and New Shipping.
NGM said that the Ace tanker discharged crude oil in Bulgaria.
“Oil shipments outside the EU are made after December 5 as they comply with the G7 price cap mechanism, are authorized and authorized by the EU,” a company official said via email.
“In all cases, we ensure compliance with EU regulations by using an external independent third-party legal advisor to review all legal documents,” he said.
Other companies did not respond to requests for comment on specific trips.
The Dynacom-operated tanker Karolos loaded Russian crude at Russia’s Baltic port of Ust-Luga in January and is due to discharge the oil to India’s Sikka region on February 3, according to Eikon vessel tracking data.
Similarly, Lovina, operated by TMS Tankers, loaded crude oil at the Russian port of Primorsk in January and is also sailing to India.
In late December, Russian President Vladimir Putin which banned the supply of raw and refined products for five months to countries that followed the restrictions from February 1 decree signed.
On Monday, Moscow released the legal framework supporting the decree, which includes a ban on deliveries to foreign entities involved in any price caps and a ban on including any price cap mechanism in contracts.
Report of Moscow correspondents; Supplement by Jonathan Saul, Noah Browning and Julia Payne in London report; Edited by Jan Harvey
Our standards: Thomson Reuters Trust Principles.
2023-02-01 06:34:21
Source – reuters
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