Russian 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

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Twitter: @mercoglianos
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Email: mercoglianosal@gmail.com

00:00 Introduction
02:17 Europe's Sources For Crude Oil
06:44 Russia's Ghost Fleet
11:41 Oil Tanker Fleet Size & Age
14:26 Top 10+1 Oil Tanker Fleets
16:26 Conclusion

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