Keywords: Oil trade
Tensions in the Middle East remain high as the United States announced it will continue its maritime restrictions on Iran, even after reports that the Strait of Hormuz has been reopened to commercial shipping under a temporary ceasefire agreement. Iran’s foreign minister stated that the passage......
Indian refiners have reportedly begun settling payments for limited Iranian crude oil shipments using Chinese yuan, channeling transactions through ICICI Bank’s overseas operations, according to sources familiar with the matter. The purchases were made under a temporary United States sanctions......
Australian Prime Minister Anthony Albanese is set to visit Brunei and Malaysia this week as part of efforts to strengthen energy security and secure fuel supplies amid ongoing global disruptions. According to his office, the visit will take place from April 14 to 17 and will include meetings with Brunei’s......
India’s largest state-run refiner, Indian Oil Corporation, has reportedly secured several crude oil cargoes scheduled to be loaded from the Red Sea port of Yanbu, according to industry sources familiar with the matter. The move reflects ongoing adjustments in global energy supply chains as geopolitical......
Nigeria’s non oil exports have climbed to a historic high, underscoring the country’s drive to reduce its long standing dependence on crude revenues and broaden its economic base. According to recent figures released by the Nigerian Export Promotion Council (NEPC), non oil exports reached......
Fuel oil prices in Asia have spiked to their highest levels in eight months, driven by traders' expectations of a major redirection of Venezuelan heavy crude toward American refineries. The premium on high-sulfur fuel oil (HSFO) 380-cst for the nearest month surged above $27 per barrel on January......
Two Chinese flagged supertankers are continuing operations close to Venezuelan waters despite a blockade announced in mid December by President Donald Trump and an expanding campaign of tanker seizures, according to maritime tracking data. The situation is shaping into a key test of United States enforcement......
A fully loaded Panama-flagged oil tanker has returned to Venezuelan waters after the United States intensified its maritime blockade targeting the country’s oil exports. The vessel, initially bound for foreign ports, reversed course following reports that the U.S. Coast Guard intercepted several......
The United States is preparing new sanctions against Russia’s energy sector in case President Vladimir Putin rejects the latest peace proposal aimed at ending the war in Ukraine. According to reports, the measures would target a network of vessels and intermediaries involved in transporting Russian......
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