Exxon Steers Clear Of Russia-Linked Oil Tankers

Since the G7 price cap on Russian crude oil came into force on December 5, ExxonMobil has started asking shipowners to prove that the tankers they hire out to the U.S. supermajor haven’t shipped oil cargoes linked with Russia in any way, according to a clause in contracts Bloomberg has seen. After the price cap took effect, buyers paying $60 or less per barrel of Russia’s crude will continue to have full access to all EU and G7 insurance and financing services associated with transporting Russian crude to non-EU countries.   Exxon…