A ship carrying Russian crude transferred from three smaller tankers that are under U.S. sanctions unloaded last week at a Chinese port, shiptracking data shows, ending an unusual month-long voyage highlighting the efforts of producers and traders to keep Moscow’s oil flowing despite tightened...
crude oil
Russian Gas Condensate Deliveries to Europe Continue to Fly Under Radar
As Western attention remains focused on Russia’s crude oil and liquefied natural gas shadow fleet, a third type of fuel, gas condensate, continues to flow into Europe without much public attention.
https://gcaptain.com/russian-gas-condensate-deliveries-to-europe-continue-to-fly-under-radar/
Oil Exports From Russia’s Busiest Port Unencumbered by Sanctions
Crude-oil exports from Russia’s main Pacific terminal remain robust as shippers and traders — yet again — work around a fresh batch of curbs from the US, enlisting a new roster of vessels to keep barrels moving.
https://gcaptain.com/oil-exports-from-russias-busiest-port-unencumbered-by-sanctions/
Texas Oil Export Port To Get Trump Team’s Blessing
By Ari Natter and Jennifer A. Dlouhy Feb 14, 2025 (Bloomberg) –Transportation Secretary Sean Duffy said the Trump administration planned to “move forward” with approval of a Texas port capable of…
https://gcaptain.com/texas-oil-export-port-to-get-trump-teams-blessing/
Chevron Says Fading US Crude Growth Casts Pall On Port Projects
By Lucia Kassai Feb 8, 2025 (Bloomberg) –Slowing US oil-production growth is casting a pall over projects intended to expand crude shipments to overseas markets, according to Chevron Corp. New terminal…
https://gcaptain.com/chevron-says-fading-us-crude-growth-casts-pall-on-port-projects/
Trump’s Oil Tariffs A Boost For European And Asian Refiners
By Robert Harvey and Georgina McCartney LONDON/HOUSTON, Feb 1 (Reuters) – U.S. President Donald Trump’s trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage…
https://gcaptain.com/trumps-oil-tariffs-a-boost-for-european-and-asian-refiners/
Russia Oil Trade to China, India Stalls as Sanctions Drive Up Shipping Costs
Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped, according to traders and shipping data.
https://gcaptain.com/russia-oil-trade-to-china-india-stalls-as-sanctions-drive-up-shipping-costs/
Trump’s Return to OPEC Politics Muddies Oil Talks Next Month
By Grant Smith and Salma El Wardany Jan 24, 2025 (Bloomberg) –US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his…
https://gcaptain.com/trumps-return-to-opec-politics-muddies-oil-talks-next-month/
Russian Oil Freight Rates Soar on Sanctions-Driven Tanker Shortage
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.
https://gcaptain.com/russian-oil-freight-rates-soar-on-sanctions-driven-tanker-shortage/
US Sanctions and Arctic Blast Drive Oil Prices Higher as Tanker Markets Face New Pressure
Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern Hemisphere have pushed Brent crude futures to a…