India to Boost Oil and Gas Imports From U.S. to Avoid Trump Tariffs
India has agreed to boost oil and gas imports from the US in an effort to reduce the trade imbalance between the two countries and avoid retaliatory tariffs.
Stock Photo: Evgeny Shulin / Shutterstock
By Prejula Prem (Bloomberg) —
Saudi-owned supertankers are once again starting to cluster off the coast of Egypt, after earlier signs this week that the backlog was clearing-up.
The number of supertankers anchored near the Egyptian port of Ain Sukhna – which sits at the southern end of a pipeline linking the Red Sea to the Mediterranean – grew to eight. At its peak, ten vessels were stationed off Egypt’s coast.
Six of the tankers, holding about 12 million barrels, are Saudi-owned and loaded at the kingdom’s Red Sea port in Yanbu. The earliest tanker to arrive in the group has been floating for 20 days now.
The other two Chinese-owned vessels, also carrying Saudi crude, have been waiting offshore for more than 50 days.
For more details on the vessels:
IMO | Name | Class | Arrived On | Days anchored | Load Port |
---|---|---|---|---|---|
9358292 | Newton | VLCC | May 11 | 57 | Ras Tanura |
9358280 | Noble | VLCC | May 15 | 53 | Juaymah |
9336098 | Layla | VLCC | Jun 17 | 20 | Yanbu |
9223887 | Safwa | VLCC | Jun 21 | 16 | Yanbu |
9384239 | Karan | VLCC | Jun 24 | 13 | Yanbu |
9484730 | Nisalah | VLCC | Jun 28 | 9 | Yanbu |
9484716 | Niban | VLCC | Jun 30 | 7 | Yanbu |
9220952 | Harad | VLCC | Jul 6 | 1 | Yanbu |
© 2023 Bloomberg L.P.
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