EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

EU mulls insurance ban for ships carrying Russian oil

EU officials have proposed a ban on insuring vessels carrying Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled his military invasion of Ukraine. “Indeed, that would be a very big obstacle to the export of Russian crude,” said Lars Barstad, managing director of First … Read more

A secular bear market is here, says this fund manager. These are the key steps investors need to take now.

Tuesday’s rally looks wobbly as stock futures slide ahead of big Microsoft earnings MSFT and Alphabet GOOGL, after market close. These results could provide a new catalyst for market direction after Monday’s mega turnaround that some don’t trust. Also suspicious these days, the Chief Investment Officer of RTM Capital Advisors, Mark Ritchie IIwho sees a … Read more

What’s stopping China from buying more Russian crude?

Outbound Russian oil shipments have yet to show signs of a major decline, as many analysts feared last month. In fact, Russian crude oil shipments rebounded in the first full week of April to highest level so far this yearthe Bloomberg News tracker of crude leaving Russian ports showed on Monday. Yet a “buyers’ strike” … Read more