When crude oil caps were originally proposed, Matt predicted this would accelerate the building of an additional transport market as well has a limited effect on Russia's sale of crude, and the price it may obtain. Well, with the caps are here and insurance bans in effect, Russia has drammatically increased their ocean oil transport fleet. Matt discusses the type of oil transport ships Russia is purchasing and what this indicates for their global marketing strategy.  Matt also discusses financial support present for building an additional oil transport and marketing market, and generally supporting the Russian oil and gas industry.   Referenced Articles: Russia assembles ‘shadow fleet’ of tankers to help blunt oil sanctions https://www.ft.com/content/cdef936b-852e-43d8-ae55-33bcbbb82eb6 Explainer: Russia's tanker fleet too small to bypass oil price cap https://www.reuters.com/markets/commodities/russias-tanker-fleet-too-small-bypass-oil-price-cap-2022-11-23/ Russia Building ‘Shadow’ Fleet of Tankers to Avoid Oil Restrictions https://ussanews.com/2022/12/03/russia-quietly-amasses-shadow-fleet-of-tankers-to-sidestep-western-restrictions/   Submit a question for The New Next Connect with Matt on LinkedIn Connect with Mike on LinkedIn

Ver todos los episodios