The market impact and geopolitical significance of the Venezuela tanker blockade are quite different
The Venezuelan-flagged Fiorella oil tanker docked in front of the Petroleos de Venezuela SA (PDVSA) Bajo Grande Refinery at the Paraguana Refinery Complex on Lake Maracaibo in Maracaibo, Zulia state, Venezuela, on Wednesday, Nov. 15, 2023. A decision by the US on Oct. 18 to ease sanctions in exchange for greater political freedom in Venezuela, has opened the doors for dealmaking and increased production that will enable the Latin American country's crude to reach global markets. Photographer: Gaby Oraa/Bloomberg
Crude shipments registered their biggest week-on-week drop since the invasion of Ukraine
Russia shipped 3.61 million barrels a day of crude in the four weeks to Dec. 14, after the biggest week-on-week slump in shipments since the 2022 invasion of Ukraine.
Crude shipments registered their biggest week-on-week drop since the invasion of Ukraine
Russia shipped 3.61 million barrels a day of crude in the four weeks to Dec. 14, after the biggest week-on-week slump in shipments since the 2022 invasion of Ukraine.
Ukraine carried out yet another attack on a shadow-fleet tanker linked to Russia’s oil trade as it continues to target Moscow’s vital seaborne petroleum trade.
Ukraine carried out yet another attack on a shadow-fleet tanker linked to Russia’s oil trade as it continues to target Moscow’s vital seaborne petroleum trade.
The fire-damaged Kairos tanker in the Black Sea, in a photo released by the Turkish Ministry of Transport on Nov. 30.
The amount of Russian crude on tankers rose by more than 20% since the end of August
The shadow fleet tanker Turbo Voyager transits through the Great Belt of Denmark off the coast of Agerso, Denmark, on Thursday, Aug. 15. 2024. On the small Danish island of Agerso, fisherman and beach-goers see old tankers carry Russian oil through Denmark's narrow straits on a daily basis.
Two supertankers have begun hauling crude on a lengthy and unusual voyage from Guyana to India, as refiners in the South Asian nation snap up alternatives to sanctioned Russian crude.
Two supertankers have begun hauling crude on a lengthy and unusual voyage from Guyana to India, as refiners in the South Asian nation snap up alternatives to sanctioned Russian crude.
The supertankers Cobalt Nova and Olympic Lion are embarking on long voyages to carry Guyanese crude to India.
OPEC+ set out its methodology for a sweeping review of how much members will be capable of pumping in years ahead, turning to a consultant that once audited the reserves of Saudi Aramco.
OPEC+ set out its methodology for a sweeping review of how much members will be capable of pumping in years ahead, turning to a consultant that once audited the reserves of Saudi Aramco.
VIENNA, AUSTRIA - FEBRUARY 29: A general view of signage at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) on February 29, 2024 in Vienna, Austria. (Photo by Thomas Kronsteiner/Getty Images) Photographer: Thomas Kronsteiner/Getty Images Europe
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