The oil painting titled 'dance'. Drum roll… the Umtamvuna Marine Conservancy (UMC) in Port Edward is the proud owner of an original Izidro Duarte oil painting.

Set at $60 by the G7 in 2022, it is designed to limit the price Moscow can sell oil around the world by banning shipping firms and insurance companies dealing with Russia to export above that amount.

The average price for Russian Urals crude oil in April was $52.86 per barrel. Since late 2024, Urals crude has generally traded below the $60 per barrel price cap, allowing more mainstream vessels ...