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,
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.
Tanker Rates Keep Rising After Biden’s Last Sanction Push
US sanctions on Russian oil tankers and companies are driving up demand for Middle Eastern oil and causing a surge in global tanker freight rates.
Shadow fleet of tankers keeps Russia's oil money flowing despite Western sanctions
Dodging the cap has increased the price Russia gets for its oil on global markets, sanctions experts say. The discount for Russian oil compared to international benchmark Brent crude has shrunk from as much as $35 per barrel to less than $10 per barrel. Russia has seen oil income hold up steadily and even rise.
Sanctioned Tankers Carrying Russia Oil Now Idling Off China
Three tankers carrying more than 2 million barrels of Russian oil are floating in waters off eastern China after they were sanctioned by the US on Friday, according to ship-tracking data.
Tanker rates extend rally on sanctions, demand to load Mideast oil
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,
Dozens of Oil Tankers Drop Anchor After Latest US Sanctions Bite
Five of those tankers were stationary off Chinese ports and a further seven dropped anchor off Singapore, with others halting near Russia in the Baltic Sea and the Far East, according to Reuters' analysis based on MarineTraffic and LSEG ship tracking data.
Dozens of tankers carrying Russian oil stopped after latest US sanctions
At least 65 oil tankers have anchored in various locations around the world, including off the coasts of China and Russia, since the US announced a new package of sanctions on January 10, Reuters reports.
Oil shipping rates surge after US sanctions tighten global fleet
By Florence Tan and Siyi Liu SINGAPORE (Reuters) -Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India,
Dozens of Russian oil tankers anchored after latest US sanctions, Reuters reports
Since the United States announced a new package of sanctions on 10 January, at least 65 oil tankers have been anchored in various locations, including off the coasts of China and Russia. Source: Reuters Details: Five of these tankers remain off Chinese ports,
Finland had 12 minutes left to stop a Russia-linked oil tanker from dealing 'much worse' damage to its undersea cables, president says
"Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," ...
Oil tanker sabotage crew were poised to cut more cables when caught, Finland says
Russia's military on Tuesday said it would retaliate against Ukraine after Kyiv attacked Russian regions by firing six ...
Oil Disaster Averted After Sabotaged Tanker Is Salvaged
The Greek-flagged, Sounion was first attacked on Aug. 21 with small arms, projectiles, and a drone boat by the Iran-backed ...
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 sanctions went adrift and had to be towed by a German tugboat ...
The Czech Republic ends its energy dependence on Russian oil imports
The Czech government says the country has boosted its energy security by completing a project to finish its dependence on oil ...
India halts trade with US-sanctioned Russian companies and tankers, government source says
Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities but the country does not expect disruption ...