Iranian oil stockpiles at a key export terminal are about a fifth lower than where they started the year, a possible sign the country is moving crude out of harm’s way amid a wave of unrest over the past two weeks, according to the founder of a company that tracks inventories with satellites.
Technicians stand at an oil and methanol installation on Kharg Island in the Persian Gulf off the coast of Iran. The country exports about 1 million to 1.1 million barrels of crude per day, down from 2.5 million before the U.S. and European Union added oil sanctions in mid-2012, IEA data show.
Almost every day, an oil tanker arrives off the Guyana coast to pick up a cargo that could reach a buyer practically anywhere on the planet. The stream of shipments is all the more remarkable because just a few years ago, the country didn’t pump a single barrel.
The Deer Park Complex oil refinery and petrochemical plant, owned by Petroleos Mexicanos (PEMEX), in Houston, Texas, US, on Saturday, March 8, 2025. Some 40% of the crude oil processed at US refineries is imported, and Canada and Mexico, the No. 1 and No. 2 foreign suppliers of oil to the US, respectively, together deliver more than two-thirds of that oil. Photographer: Mark Felix/Bloomberg
Oil tankers hauling Russian crude across the Black Sea are taking a roundabout route along the coastlines of Georgia and Turkey — a measure that might help them to reduce the risk of being targeted by Ukrainian sea drones.
Long-range drones at an undisclosed location in Ukraine.
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.
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.
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