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Fractal Shipping avoids Russian crude in latest sign of price cap biting - TradeWinds

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Fractal Shipping avoids Russian crude in latest sign of price cap biting | TradeWinds

A Swiss-based tanker newcomer that specialised in lifting Russian cargoes did not haul any Urals crude in August after rising crude prices breached the G7’s oil price cap, cargo tracking data suggests.

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Fractal Shipping avoids Russian crude in latest sign of price cap biting

Swiss-headquartered company emerged as one of the key players involved in moving Russian oil after the invasion of Ukraine

1 September 2023 10:41 GMT Updated 1 September 2023 12:48 GMT
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