Tanker rates extend rise on sanctions, strong demand to load Mideast oil
Oil shipping rates continued their rally Wednesday on expectations of a tightening in global tanker supply from the latest 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.
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.
Oil Tanker Rates Soar on Biden Sanctions Against Russia
Oil tanker rates jumped 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.
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.
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.
Biden administration sanctions Russia’s oil giants and tanker fleet
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.
Shadow fleet of tankers keeps Russia’s oil money flowing despite Western sanctions
The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine.
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,
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.
Putin Shadow Fleet's Sanctions-Hit Tankers 'Stranded' off China Coast
The vessels Mermar, Huihai Pacific and Olia carrying more than 2 million barrels of oil left Russian ports earlier in January ...
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How Chinese refiners rejecting direct Russian oil imports will reshare tanker trade
“Russian oil sellers are likely to adapt by using non-sanctioned tankers or ship-to-ship transfers,” Kpler added. “But ...
Germany tugs drifting oil tanker - believed to be Russian - to safer waters
The oil tanker Eventin is believed to be part of Moscow’s efforts to evade sanctions - Greenpeace says it belongs to Russia's ...
Russia's Sovcomflot says new U.S. sanctions create operational difficulties
Russia's leading tanker group, Sovcomflot, said on Tuesday that new U.S. sanctions would create additional operational ...