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Find all the economic and financial information on our Orishas Direct application to download on Play StoreA group of Western insurers provided coverage to tankers carrying Russian crude. According to data provided by traders and shippers, it thus maintains the flow of oil after many players in the commercial sector withdrew for fear of violating the G7 price cap rules
.Insurers cover Russian oil shipments if they are sold for less than $60 per barrel. According to LSEG data, Russian Ural crude has been sold at $69.4 per barrel since the start of the year. According to the data, five insurers, including American Club, West of England (Luxembourg), and Gard (Norway), insured 10 tankers that sailed from Russia to Asia this year. The information also states that the two ships took crude from the Russian state-owned oil company Rosneft into the Russian Baltic and sailed to China. The three non-profit mutuals, which insure ships against oil pollution, personal injury and loss of life, say they
provide a service to their members.
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