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Russian oil freight rates soar on sanctions-driven tanker shortage

Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.

TradeWinds · 2h

Russian tanker rates to China jump fivefold to hit $7.5m on sanctions

The cost of shipping Russian Espo crude from the key Kozmino terminal has now increased fivefold since the US blacklisted another 183 vessels earlier this month. Oil buyers are paying between $6.5m and $7.5m per trip on aframax vessels, up from $1.5m previously, according to trading sources cited by Reuters.

U.S. News & World Report · 1d

Middlemen Have Halted Russian Oil Cargo Offers After US Sanctions, Indian Refiner Says

Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum.

invezz on MSN · 1d

Why Indian refiners can’t access Russian oil cargoes

The recent implementation of new US sanctions targeting Russian oil producers, tankers, and insurers has created a disruption in the supply chain. Middlemen who were previously involved in supplying Russian oil to Indian refiners,

WYFF 4 Greenville-Spartanburg on MSN1d

New details released after tanker carrying animal byproducts crashes at Upstate rest stop

A tanker carrying animal byproducts crashed into a rest stop along Interstate 385 in Laurens County, South Carolina.

Wash Car TV on MSN2h

Deep Cleaning Bitumen from a Transport Tanker

Learn the step-by-step process of washing bitumen from a transport tanker for a complete transformation. Start by sprinkling ...

10hon MSN

Map Shows Iran-Bound Tanker Carrying Rocket Fuel From China

Iranian cargo ships allegedly carrying chemicals to make missile propellent are setting sail from China to deliver the shipment to Tehran's army.

Tanker stocks and dividends: What investors should watch in the year ahead

Fearnley Securities is tipping VLCC stocks to outperform in 2025, with DHT, Frontline and Okeanis Eco Tankers stocks as its ...

4don MSN

Fuel tanker truck blast kills at least 85 in Nigeria

The death toll from a gasoline tanker explosion in north-central Nigeria has risen to 86, the country’s emergency response ...

Oil Tanker Vessel Deliveries Plummet 74% in '24

In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight ...

7d

Tanker under US sanctions discharges oil at Chinese port, LSEG data shows

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...

3d

Death toll in Nigeria gas tanker explosion rises to 98

The death toll from a gasoline tanker explosion in north-central Nigeria has risen to 98, the country’s emergency response ...

Evading Responsibility: Tanker Spill in Indore Sparks Health Scare

A tanker truck caused a chemical spill in Indore, Madhya Pradesh, after containing aqueous ammonia intended for Gwalior. The ...

1d

New details released after tanker carrying animal byproducts crashes at South Carolina rest stop

These… Amid Barron Trump’s rare public appearance at his father Donald Trump’s 2025 Presidential Inauguration, an insider is ...

Hosted on MSN1d

Despite recent tanker explosions, youth scramble to scoop fuel in Jalingo

Residents of Jalingo, the Taraba State capital, engaged in a dangerous scramble for fuel on Wednesday after a tanker loaded ...

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