Podcast — 2 Feb, 2023
Listen: Maritime and Trade Talk | Episode12: Oil Price Cap - Implications for Trade and Shipping Risk
The implementation of a price cap covering Russian-origin crude oil on 5th December has raised a variety of questions regarding its implications;
- How it will affect trading
- Will India and China’s appetite for Russian crude continue
- What it means to overall vessel risk in regards to compliance
- Could we see an increase in suspicious Russian shipping activity similar to Iran and Venezuela’s sanctions evasion tactics
In this episode, S&P Global Market Intelligence experts discussed what the oil price cap means for your business and an understanding of the likely scenarios we will see in the coming months as a result of the U.S. and EU action in this space.