Tanker rates extend rise on sanctions, strong demand to load Mideast oil
Oil shipping rates continued their rally Wednesday on expectations of a tightening in global tanker supply from the latest U.S. sanctions on Russia's fleet and traders' demand for ships to load Middle East oil for Asia,
Oil Tanker Rates Soar as Biden Sanctions Threaten Market Chaos
Oil tanker rates jumped on Monday as the Biden Administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.
Dozens of oil tankers drop anchor after latest US sanctions bite
At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China and Russia, since the United States announced a new sanctions package on Jan. 10, ship tracking data showed on Monday.
Oil Tanker Rates Soar on Biden Sanctions Against Russia
Oil tanker rates jumped as the Biden administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.
Russian oil supply could take significant hit from US sanctions, says IEA
US sanctions targeting Russia’s fossil fuel industry could significantly disrupt the country’s oil supply and distribution networks, the International Energy Agency (IEA) said Wednesday.
Tanker rates extend rally on sanctions, demand to load Mideast oil, products
Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet and traders' demand for ships to load Middle East oil for Asia,
Denmark Under Pressure to Board Russian Tanker Stranded in 'NATO Lake'
Increased Russian military activity in the Baltic Sea has resulted in global calls for Denmark and other nations to inspect ...
Biden administration sanctions Russia’s oil giants and tanker fleet
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil ...
Shadow fleet of tankers keeps Russia’s oil money flowing despite Western sanctions
The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine.
Putin Shadow Fleet's Sanctions-Hit Tankers 'Stranded' off China Coast
The vessels Mermar, Huihai Pacific and Olia carrying more than 2 million barrels of oil left Russian ports earlier in January ...
Crude Oil Prices Up 6% In A Week, U.S. Maintains Russian Sanctions Won’t Hit Prices
The crude oil market is on the boil again with prices surging 6% in the past one week in anticipation of the U.S. sanctions ...
Germany calls a Russian oil tanker adrift in the Baltic Sea a threat to security
An oil tanker believed to be part of Russia’s efforts to evade international sanctions went adrift and had to be towed ashore ...
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How Chinese refiners rejecting direct Russian oil imports will reshare tanker trade
“Russian oil sellers are likely to adapt by using non-sanctioned tankers or ship-to-ship transfers,” Kpler added. “But ...
Russia's Sovcomflot says new U.S. sanctions create operational difficulties
Russia's leading tanker group, Sovcomflot, said on Tuesday that new U.S. sanctions would create additional operational ...