Russian Oil Freight Rates Drop Amid EU Price Cap Debate

  Published 9 months ago

Russian oil freight rates to India fell in May-June due to high tanker availability, but risks rise from the EU's proposed $45 price cap.

  • Freight costs from Baltic ports to India dropped to $5.5 M-5.7M from $6M in April-May.
  • Urals crude prices stabilized below $60, enabling Western tankers to re-enter the market.
  • EU's $45 price cap proposal could reverse current rate declines and increase shipping costs.

You might like these

Sula FY26 Q2: Revenue Down, Tourism Up

MCX Fined for Platform Disclosure Lapses

India 10-Year G-Sec Trends

India's Oilmeal Exports Rise 4% in May 2025

TVS Motor July Sales Jump 29%

IndiGo Expands Internationally, Challenges Air India

GST Cuts Slow FMCG Q2, Picks Rise

News that matters the most ⚡