G7/EU Price Cap on Russian Oil as of Dec 5 | Tanker Sector Fleet Small & Old | Charter Rates Spike
November 22, 2022
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18:58Now PlayingG7/EU Price Cap on Russian Oil as of Dec 5 | Tanker Sector Fleet Small & Old | Charter Rates Spike
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as posted by the channelRussian Oil Price Cap
What's Going on With Shipping?
November 22, 2022
In this episode, Sal Mercogliano - maritime historian at Campbell University and former merchant mariner - discusses the looming G7/European Union price cap on Russian exported oil by sea and its impact on global maritime trade. At the same time, Russia is equipping a 'Ghost Fleet' to move its oil and seeking work arounds to the price cap. The leading oil companies all see the potential for windfall profits as ton-miles increase and the world faces the worst energy crisis since the 1970/80s.
#russianoil #supplychain #tankers
Support What's Going on With Shipping via:
Patreon: www.patreon.com/wgowshipping
Twitter: @mercoglianos
Facebook: @wgowshipping
Email: mercoglianosal@gmail.com
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