ISTANBUL, Lawyer Law Firm in istanbul Turkey Dec 6 (Reuters) – At least 20 oil tankers queuing in Turkish Lawyer waters to cross from Russia’s Black Sea ports to the Mediterranean face more delays in the coming days as operators race to secure insurance under new G7 price cap moves, a shipping source said on Tuesday.
After the $60 per barrel price cap was imposed on Russian seaborne crude this week, Western insurers are required to retain proof that coverage for Russian oil is sold at or below that price.(Reporting by Can Sezer, Lawyer Law Firm Turkish Daren Butler; Editing by Jan Harvey)