Maritime and Trade Talk - 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
S&P Global Market Intelligence experts discussed the impact of the oil price cap and scenarios we will see in the coming months as a result of the U.S. and EU action in the latest Maritime and Trade Talk podcast.
Lilit Gevorgyan, Economics Associate Director at S&P Global Market Intelligence explains why a $35 and below price cap is needed to trigger a notable shock to the Russian economy and its ability to finance its war in Ukraine, and Byron McKinney, Product Management Director at S&P Global Market Intelligence breaks down the three tiers classifications, the reporting requirements, as well as tracking dark movement and ship-to-ship activity.
Listen to the full podcast: Maritime and Trade Talk EP12 - Oil Price Cap: Implications for Trade and Shipping Risk
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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.