Western Tankers Ramp Up Russian Oil Shipments Under Price Cap

MOSCOW, Jan 31 (Reuters) – Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to…

MOSCOW, Jan 31 (Reuters) – Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to...

Russia’s Oil Cargoes Surge Ahead of EU Import Ban

By Julian Lee (Bloomberg) — Russia’s seaborne oil flows look as if they are moving higher. Two possible explanations: the nation is pushing more cargoes onto the water after Germany and…

By Julian Lee (Bloomberg) — Russia’s seaborne oil flows look as if they are moving higher. Two possible explanations: the nation is pushing more cargoes onto the water after Germany and...

New York Gasoline Shortage Brews Amid Fallout From EU’s Russia Ban

By Chunzi Xu (Bloomberg) — New York and much of the East Coast are at risk of a gasoline shortage this summer as the European Union’s ban of Russian fuel threatens to choke…

By Chunzi Xu (Bloomberg) — New York and much of the East Coast are at risk of a gasoline shortage this summer as the European Union’s ban of Russian fuel threatens to choke...

The US Navy Needs Tankers: A Crisis In Capability

By Captain Stephen M. Carmel (Maersk Line Limited via CIMSEC) The Department of Defense is projected to need on the order of one hundred tankers of various sizes in the…

By Captain Stephen M. Carmel (Maersk Line Limited via CIMSEC) The Department of Defense is projected to need on the order of one hundred tankers of various sizes in the...

Socatra MR Tanker to be Fitted with Rotor Sails

French shipowner turns to auxiliary wind propulsion to help decarbonize. French tanker company Socatra has entered into a contract with Norsepower to retrofit one of its medium range tankers with…

French shipowner turns to auxiliary wind propulsion to help decarbonize. French tanker company Socatra has entered into a contract with Norsepower to retrofit one of its medium range tankers with...

Russia Using Chinese Supertankers to Ship Oil to Asia

By Nidhi Verma and Chen Aizhu NEW DELHI/SINGAPORE, Jan 13 (Reuters) – At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as Moscow seeks…

By Nidhi Verma and Chen Aizhu NEW DELHI/SINGAPORE, Jan 13 (Reuters) – At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as Moscow seeks...

Russia is Increasingly Using its Own Tankers to Beat EU Sanctions

By Julian Lee (Bloomberg) — Sweeping European sanctions on the purchase and transportation of Russian oil have prompted the country to transport more crude on its own tankers. The European Union…

By Julian Lee (Bloomberg) — Sweeping European sanctions on the purchase and transportation of Russian oil have prompted the country to transport more crude on its own tankers. The European Union...

G7 Nations Designing Price Caps on Russian Refined Oil Products

By Kevin Whitelaw (Bloomberg) — Group of Seven nations are aiming to design two price caps for Russian refined petroleum products to account for those that trade at higher prices than…

By Kevin Whitelaw (Bloomberg) — Group of Seven nations are aiming to design two price caps for Russian refined petroleum products to account for those that trade at higher prices than...

Fredriksen’s Frontline Walks Away from Euronav Bid

By Stephen Treloar (Bloomberg) — Frontline Plc, the shipping giant controlled by billionaire John Fredriksen, gave up plans to buy Euronav NV and create the world’s largest publicly listed oil-tanker company…

By Stephen Treloar (Bloomberg) — Frontline Plc, the shipping giant controlled by billionaire John Fredriksen, gave up plans to buy Euronav NV and create the world’s largest publicly listed oil-tanker company...

Sanctions Could Cut Russia’s Baltic Oil Exports by 20%

MOSCOW, Dec 22 (Reuters) – Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an…

MOSCOW, Dec 22 (Reuters) – Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an...