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Oil shipping rates surge
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.
Oil shipping rates surge after US sanctions hit availability
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.
Oil shipping rates extend rally after US sanctions against Russia
US last week imposed its broadest package of sanctions so far targeting Russia’s oil producers. Read more at straitstimes.com.
3h
on MSN
Tanker rates extend rally on sanctions, demand to load Mideast oil
Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on ...
1d
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 ...
Hosted on MSN
19h
Dozens of Russian oil tankers anchored after latest US sanctions, Reuters reports
For example, Shandong Port Group has banned tankers under US
sanctions
from entering its ports, as traders reported last ...
4d
on MSN
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 ...
4d
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.
Crude Oil Prices
16h
Oil Prices Remain Elevated After Russia Sanctions Sparked Supply Concerns
The size and scope of new U.S. sanctions on Russia sent oil prices spiking on Monday, and both Brent and WTI have retained ...
12h
on MSN
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 ...
4d
Germany calls a Russian oil tanker adrift in the Baltic Sea a threat to security
An oil tanker believed to be part of Russia’s efforts to evade international sanctions went adrift and had to be towed ashore ...
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