Spain Tightens Rules on Ship-to-Ship Oil Transfers

MADRID, March 27 (Reuters) – The Spanish government has tightened its rules around ship-to-ship oil transfers after an uptick in the activity along its coastline. Oil tankers seeking to carry out operations…

MADRID, March 27 (Reuters) – The Spanish government has tightened its rules around ship-to-ship oil transfers after an uptick in the activity along its coastline. Oil tankers seeking to carry out operations...

Tanker Giants Sprout From Nowhere To Keep Russian Oil Moving

By Elizabeth Low Mar 18, 2023 (Bloomberg) –At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile…

By Elizabeth Low Mar 18, 2023 (Bloomberg) –At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile...

Russia Oil Still Switching Hands Off Spain Coast

By Sherry Su (Bloomberg) — A large amount of Russian oil continues to be transfered between tankers just a few miles off the coast of Spain — just a few weeks…

By Sherry Su (Bloomberg) — A large amount of Russian oil continues to be transfered between tankers just a few miles off the coast of Spain — just a few weeks...

Russia Sold Oil Far Above Price Cap, Researchers Say

By Bloomberg News (Bloomberg) –Russian companies got far more money from selling the country’s oil than previously thought in the weeks that followed the imposition of a price cap on the nation’s exports, a group of academics said. The resea…

By Bloomberg News (Bloomberg) –Russian companies got far more money from selling the country’s oil than previously thought in the weeks that followed the imposition of a price cap on the nation’s exports, a group of academics said. The research weakens the idea that the price limits are crushing Moscow’s revenue to fund the war in Ukraine. Russia’s crude fetched an average of about $74 a barrel in the four weeks that followed the cap, according to calculations by experts including from the Institute of International Finance, Columbia University and University of California. That’s about a quarter above the threshold — $60 a...

Bay Off Southern Greece Becomes Cog in Russia’s Oil Supply Chain

By Julian Lee, Alberto Nardelli and Slav Okov (Bloomberg) — Millions of barrels of Russian crude and fuels have been switched between tankers just a few miles off the coast of…

By Julian Lee, Alberto Nardelli and Slav Okov (Bloomberg) — Millions of barrels of Russian crude and fuels have been switched between tankers just a few miles off the coast of...

Cyprus Rallies EU Partners to Get Shipping Sector Support

By Michele Kambas NICOSIA, Feb 17 (Reuters) – Cyprus is speaking to other European Union member states to shore up support for the shipping industry hit by sanctions on Russia, its shipping minister said on Friday….

By Michele Kambas NICOSIA, Feb 17 (Reuters) – Cyprus is speaking to other European Union member states to shore up support for the shipping industry hit by sanctions on Russia, its shipping minister said on Friday....

Western Mediterranean Sea Drug Trafficking Hub Used to Obscure Russian Oil, Report Says

By Elizabeth Low (Bloomberg) — There’s been a rise in shipping practices used to move Russian crude and oil products that are aimed at deceiving observers, according to a report from…

By Elizabeth Low (Bloomberg) — There’s been a rise in shipping practices used to move Russian crude and oil products that are aimed at deceiving observers, according to a report from...

Maersk-Operated Tanker Denied Entry by Spain Seeks New Port

LONDON, Feb 16 (Reuters) – Singapore-flagged tanker Maersk Magellan is looking for another location after being stopped from entering a Spanish port over an earlier oil transfer, its Danish operator Maersk Tankers…

LONDON, Feb 16 (Reuters) – Singapore-flagged tanker Maersk Magellan is looking for another location after being stopped from entering a Spanish port over an earlier oil transfer, its Danish operator Maersk Tankers...

Russia’s Dark Tanker Fleet Gets Stretched Sailing Thousands of Miles

By Julian Lee (Bloomberg) — Russia assembled a huge fleet of tankers to beat western sanctions. They’re struggling to get the job done, writes Bloomberg oil strategist Julian Lee. The European Union…

By Julian Lee (Bloomberg) — Russia assembled a huge fleet of tankers to beat western sanctions. They’re struggling to get the job done, writes Bloomberg oil strategist Julian Lee. The European Union...

Russian Fuel Exports Stumble In Early Days After European Ban

By Prejula Prem (Bloomberg) –Russian fuel exports are showing signs of a slowdown just five days after the European Union — Moscow’s main market — banned seaborne shipments of its refined…

By Prejula Prem (Bloomberg) –Russian fuel exports are showing signs of a slowdown just five days after the European Union — Moscow’s main market — banned seaborne shipments of its refined...