Black Sea Oil Cover Reportedly Up to $2.5M Per Vessel
Crude & ShippingBlack Sea oil-shipping insurance has reportedly risen from about $200,000 to $2.5 million per vessel, according to Evgeni Simeonov, who manages Lukoil's Bulgarian commercial operations. The figure is one executive's unverified statement with no stated unit. It points to rising freight risk after drone strikes, though Burgas refinery supply is reportedly secured into early December.