The ability of tankers to move freely through the Persian Gulf is essential to the global oil trade. Tankers hauled 20.7 million barrels a day of crude, or a third of world’s trade through the Strait of Hormuz in 2018, according to the Energy Information Administration... (Adds information on one of the arrested tankers in fifth paragraph.).
Chinese oil giant Unipec has hired at least 10 more tankers to import eastern Russian crude, according to Bloomberg ... Chinese oil giant Unipec has hired at least 10 tankers to transport Russian ESPO crude. Russian oil trades at a significant discount to Brent and WTI ... Russian oil currently trades at a significant discount to other varieties.
ended the incident that began nearly seven weeks ago by winning an order to seize the cargo of 700,000 barrels of crude aboard the shadowy tanker ...The United States had listed the 115,520 dwt tanker on previous sanctions on the Iranian oil trade and moved to seize the cargo on those grounds.
Over 80% of vessels from MR chemical tanker operators are deployed in the non- chemical trade, such as vegetable oils and CPP, according to Eastport calculations.
By Rob Golum and Chunzi Xu . Bloomberg. Los Angeles drivers know they pay more for gasoline than the average US driver ... These measures add about $1.30 to the cost of a gallon, according to the Western States Petroleum Association, a trade group. California also imports both oil and refined products, which must be trucked in or brought by tanker ... Newsom.
By Rob Golum and Chunzi Xu . Bloomberg. Los Angeles drivers know they pay more for gasoline than the average US driver ... These measures add about $1.30 to the cost of a gallon, according to the Western States Petroleum Association, a trade group. California also imports both oil and refined products, which must be trucked in or brought by tanker ... Newsom.
Product tankers are in the spotlight as recovering demand meets constrained supply and crude trades recalibrate to new geopolitical realities, writes Tim Smith from Maritime Strategies International... Product trade flows have seen limited movement overall – April saw about 3.7m tonnes moving from Russia to Europe, similar to pre-invasion levels.
In March, a Russian oil tanker docked in Dublin Port despite calls from the Siptu trade union for it to be turned away.While a rise in prices following the invasion may have impacted the value of the imports into Ireland, the volume of fuel oil imported in March also increased ...
During Tom’s tenure he successfully oversaw the construction of 70 newbuild vessels, ranging from ECO MR tankers to Seabulk’s most recent, innovative AzimuthStern Drive diesel-electric hybrid tug ... * * * * * ... It also operates a fleet of U.S.-flag tankers servicing the U.S. coastwise trade of crude oil, petroleum, and chemical products ... .