Source link Exports from the country’s major ports surged to 3.95 million barrels a day in the week to April 14, data is showing Maritime exports of Russian crude almost climbed to a year-on-year high in the second week of April, Bloomberg reported on Tuesday, adding that flows from the country’s major ports were near […]
Source link Maritime exports or Russian crude oil saw a strong recovery in the week to February 4 after two weeks of disruptions, Bloomberg reported on Tuesday, adding that the flows from the country’s major ports were record-equaling. Weekly average shipments reportedly increased by some 880,000 barrels per day, marking the highest since the beginning […]
Source link The US Treasury Department has blocked the bulk carriers and oil tankers of an Abu-Dhabi-based firm Washington has imposed sanctions on a company registered in the United Arab Emirates for its alleged oil deals with Russia, the US Treasury Department’s Office of Foreign Assets Control (OFAC) announced on its website on Thursday. OFAC […]
Source link Transit via the key trade route has reportedly been halted indefinitely over fears of new Houthi attacks British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely over fears of attacks following the recent US and UK airstrikes on Yemen’s Houthi rebels, the Wall Street Journal reported on […]
Source link The Northern Sea Route is already a superior alternative to other major global trade waterways, Russian Deputy Prime Minister Yuri Trutnev says Russia is actively expanding trade via the Northern Sea Route (NSR), with shipments set to reach an all-time high in 2023, Deputy Prime Minister and Presidential Envoy to the Far East, […]
Source link Moscow plans to start year-round LNG deliveries to Asia via Russia’s Arctic waterways, Sergey Zybko, head of the Northern Sea Route (NSR) operator, announced this week. Speaking during the “Arctic: present and future” forum, Zybko said the launch of the pilot program is scheduled for next month. “Starting from January, gas carriers will […]