Tag: Crude Oil
How Greek Businesses and Ghost Ships Are Favoring Russia
But many more of the oil tankers—79—were Greek-owned.
That seriously undermines the sanctions—and creates risks on the high seas.
They had been loaded...
Cheaper Crude Oil Through Friendship Oil Pipeline
Hungary and Serbia have agreed to build a pipeline to supply Serbia with Russian Urals crude via the Druzhba oil pipeline as Belgrade's shipments...
Neste Proactive Transformation Into Global Leading Renewable Site
Neste launches a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular...
Gibson Weekly Tanker Market Report, Week 36
The IMO’s carbon intensity indicator (CII) and Energy Efficiency Existing Ship Design Index (EEXI) will come into effect on 1st of January 2023.
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Crude Diplomacy Over Russian Crude!
India, China embrace cheap Russian crude but South Korea, Japan comply with sanctions
Hefty discounts on Russia's crude are increasingly whetting the appetite of...
Asia Crude Oil Market To Face Headwinds
Oil prices are expected to face headwinds from weakening economic activity in the West and rising COVID-19 cases in the July 25-29 trading week,...
Deliver Crude Before EU Sanctions Begin
European cargo ships are scrambling to deliver Russian crude while they still can ahead of new sanctions against Moscow, which are set to begin...
VLSFO Premium To Brent Near Record Highs Amid Oil Slump
Over the past two months, while oil markets have declined, global VLSFO prices have held onto their gains more tenaciously than crude, leaving the...
Oil Rises $5 On A Falling Dollar And Limited Supplies
With the dollar weakening and speculation that the U.S. Federal Reserve won't hike interest rates by a full percentage point at its upcoming meeting...
OPEC+ Increases Crude Production, While The Large Quota Deficit Persists
OPEC pumps 28.83 mil b/d, Russia-led allies add 13.26 mil b/d
Russia, Saudi Arabia gains offset Kazakhstan, Libya losses
OPEC+ quota compliance jumps...