FILE PHOTO: An oil tanker is docked while oil is pumped into it at the ships terminal of PDVSA's Jose Antonio Anzoategui industrial complex in the state of Anzoategui April 15, 2015. REUTERS/Carlos Garcia Rawlins/File Photo LONDON, March 2 (Reuters) - Mercantile & Maritime said on Monday it would terminate its shipments of Venezuelan oil for Rosneft after the United … [Read more...]
Captain Murdered on Tanker Off Venezuela
Photo: MarineTraffic.com/Capt. Silverio Balbuena CARACAS, Feb 25 (Reuters) - Armed assailants murdered the captain of an oil tanker after boarding his ship while it was anchored off the coast of eastern Venezuela, according to a local union leader and a report from a Venezuelan port authority. Six armed individuals boarded the San Ramon tanker early Monday morning in … [Read more...]
U.S. Sanctions Rosneft Trading Unit Over Venezuelan Ties
Photo: Garry2014 / Shutterstock By Humeyra Pamuk and Daphne Psaledakis WASHINGTON, Feb 18 (Reuters) - The United States on Tuesday ramped up pressure on Venezuela by blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump's administration said provides a financial lifeline to President Nicolas Maduro's government. The U.S. Treasury … [Read more...]
After Year at Sea, Oil Caught in Venezuelan Tug-Of-War Finally Docks
Photo: MarineTraffic.com/F.Gillier By Lucia Kassai (Bloomberg) -- An oil tanker caught in the crosshairs of the political battle for control of Venezuela is discharging its cargo after a year and two days bobbing off the South American country’s coast. The vessel Gerd Knutsen is offloading 950,000 barrels of Venezuelan oil at a domestic port, according to shipping reports … [Read more...]
Geopolitical Risks Send Supertanker Rates to Record Levels
By Olivia Konotey-Ahulu and Firat Kayakiran (Bloomberg) --Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels one of the biggest boosts in years. Rates have rallied so high that a secondhand supertanker could theoretically pay for itself in a couple of voyages, according to estimates from Clarkson Platou Securities AS. A normal … [Read more...]