Loadings from two Baltic ports have surged to their highest levels since 2019, data shows Exports of Russian oil loaded in Western-insured tankers surged in January as prices for Moscow’s flagship Urals grade stood below the cap set by the Group of Seven (G7) countries and the European Union, Reuters reported, citing tracking data. The price cap on Russian seaborne oil exports of $60 per barrel was introduced by the EU, G7 countries, and Australia on December 5. It bans Western companies from providing insurance and other services to shipments of Russian oil unless the cargo is purchased at or below the set pri
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