The head of shipping at global trading firm Vitol said on Wednesday that large quantities of uninsured oil are currently afloat on ships due the rise of the dark fleet in the aftermath of the Russia-Ukraine war.

“There’s a lot of uninsured oil floating around the world at the moment that is going through some very sensitive areas,” Vitol shipping head Kit Kernon said at the APPEC industry event in Singapore.
Source: Reuters (Reporting by Jeslyn Lerh; Editing by Himani Sarkar)