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.
U.S.-Sanctioned Russian Tankers Moved More Than 20% of Seaborne Oil Exports
Russian tankers targeted by the latest round of U.S. sanctions moved more than a fifth of the Kremlin's seaborne exports last year, according to the International Energy Agency. "The new U.S. sanctions issued are intended to substantially reduce export revenue from the Russian oil sector,
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.
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,
Oil Freight Traders Pile In as Russia Sanctions Push Rates Up
Oil-freight derivatives trading surged to the highest in at least a decade as the Biden administration’s sanctions on Russia continued to propel supertanker rates higher.
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.
Oil shipping rates surge after US sanctions hit availability
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, shipbrokers and traders said.
Oil Eases as Market Weighs U.S. Sanctions on Russia
Oil eased slightly in early trade after rallying to a multi-month high as the market weighs the impact of U.S. sanctions on Russian supplies.
Why oil tanker rates are surging again this Wednesday
Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased.
Finland had 12 minutes left to stop a Russia-linked oil tanker from dealing 'much worse' damage to its undersea cables, president says
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German tugs towing stricken oil tanker thought part of Russia's 'shadow fleet'
German maritime authorities said Saturday they are towing a disabled oil tanker in the Baltic Sea thought to be part of ...
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 ...
China, India seek new supplies as US sanctions tighten grip on Russian oil
Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian ...