Russian oil transportation rates from Baltic to India fall further because the ural remains below the price limit
Transportation rates for Russian oil delivery from the Port of Baltic to India fell further in April from the highest new -new, because the urans oil trade is below the $ 60 price limit, increasing the availability of tankers, two traders said.
The group of seven countries, along with the EU, imposed a price limit of $ 60 per barrel in Russian oil at the end of 2022, limiting access to the shipping and western insurance services for purchases above the offer to curb the Moscow war funding.
The cost of shipping ural oil from the Port of Baltik Primorsk and Ust-Lake to India dropped to around $ 6 million per one-way shipping on average from $ 7 million final moth and the highest 12 months around $ 8 million in early March.
Global oil prices fell in early April, which pushed the price of urral crude oil in Russian ports under $ 60 per barrel, allowing more western shipping companies to continue services for Russian oil, including shipping.
On Thursday, the cost of ural oil published from the port of Primorsk is around $ 53.5 per barrel. (URL-PRMSK)
Russian crude oil delivery rates rose sharply after a new round of US sanctions on the interests of Russia’s energy announced in January. Russian oil sellers are forced to find a new tanker to replace sanctions affected by sanctions.
The goods tariff remains above the level in January, when the cost of shipping Russia’s crude oil from the Port of Baltic to India is $ 4.7-4.9 million.
Source: Reuters
