oil
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Maritime News
EU Breaks Deadlock on Russian Sanctions but Defers Maritime Services Ban
The European Council broke weeks of deadlock, in part after the election loss for Hungarian President Victor Orban, and adopted…
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Maritime News
EU Defers Proposal to Fully Ban Maritime Services for Russian Oil
The European Union has released its 20th round of sanctions on Russia, including extensive sanctions on the Russian energy sector.…
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Maritime News
United States Ambivalent to Russian Oil Sanctions
Particularly in the United States, where the constitution was designed to incorporate checks and balances between the different parts of…
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Maritime News
Global Seaborne Crude Oil Shipments Down 16% Since Start Of The Iran War
“Since the beginning of the Iran war, global seaborne crude oil shipments have fallen 16% compared to the first nine…
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Maritime News
Urals Oil Prices at Russian Ports Rise Amidst Cheaper Freight Costs
The discount for Russian Urals oil on a FOB basis for cargoes loading from the Baltic port of Primorsk in April narrowed to $15-$17 per…
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Maritime News
IMF Warns Against Fuel Hoarding as Reality of Oil Supply Cut Sets In
Following news of a collapse in talks between the U.S. and Iran last weekend and the launch of a new…
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Maritime News
After Ceasefire, Iranian Attacks Cut Saudi Oil Production
Official Saudi sources have confirmed that recent Iranian attacks caused extensive damage to oil and gas facilities, killing at least…
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Maritime News
Oil Spill While Bunkering Containership Disrupts Port of Antwerp
The Port of Antwerp, one of the busiest ports in northern Europe, reported that shipping operations have been disrupted after…
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Maritime News
India Allows Four Iranian Oil Tankers to Berth
India’s shipping ministry has granted special permission to four vessels carrying Iranian oil – as requested by Reliance Industries – to…
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Maritime News
Crude Oil Loadings Continue at Yanbu Port Despite Pipeline Attack
Crude loadings at Saudi Arabia’s Red Sea port of Yanbu have continued despite an Iranian attack on Wednesday on the country’s East-West…
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