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Tankers Tied to the Russian Oil Trade Grind to a Halt Following US Sanctions
A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions, a sign that tougher measures by western regulators might be starting to have tangible effects on Moscow. About half of the 50 tankers that the US Treasury began sanctioning on Oct. 10 have failed to load cargoes since they were listed, according to a ship-by-ship tracking of each one by Bloomberg. The latest to be targeted — the Sovcomflot carrier NS Leader — performed an immediate U-turn off the coast of Portugal on Thursday when its owner was named by the US. It was sailing ... (full story)
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From @FirstSquawk|Feb 13, 2024post: IEA SEES GLOBAL OIL DEMAND GROWING 1.2-1.3 MILLION B/D IN 2024
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- Posted: Feb 13, 2024 4:38am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 289
