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
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
Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet and traders'
(Bloomberg) — An unusually large flotilla of merchant vessels has backed up near Yemen’s Ras Isa port in the Red Sea after Israeli air raids damaged
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying
Russian Oil major Rosneft has delayed the commissioning of the Vostok Oil project until 2026, in part due to a shortage of ice-capable oil tankers as a result
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