The experts had warned for years: Cuba’s power grid was on the verge of collapse, relying on plants nearly a half-century old and importing fuel that the strapped Communist government could barely afford. On Friday morning their dire predictions came true, as the entire island plunged into the most prolonged …
Read More »Russian Oil Flows Through Western ‘Price Cap’ as Shadow Fleet Grows
A plan hatched by wealthy Western nations to deprive Russia of oil revenue is largely faltering, a new report found, with the majority of the Kremlin’s seaborne oil exports evading restrictions that were supposed to limit the price of Russian crude. Almost two years since an oil “price cap” was …
Read More »In a Cat-and-Mouse Game, Russian Oil Tankers Are Flying New Flags
The Jaguar, a tanker the length of nearly five Olympic-size swimming pools, left a port near St. Petersburg, Russia, last year, bound for India and loaded with Russian oil. Its trip that spring came as Western authorities were frantically trying to piece together the network to which it belonged: one …
Read More »