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Obscure Traders Ship Half Russia's Oil Exports to India, China After Sanctions

Jul 27, 2023

A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was a similarly low-profile outfit, Guron Trading, also based in Hong Kong, according to two trading sources…

Chevron Reroutes Kazakh Oil to Asia Around Africa

Jan 30, 2024

Chevron is sending cargoes of Kazakhstan's CPC Blend oil to Asia around Africa's Cape of Good Hope rather than via the Red Sea to avoid the risk of attacks by Yemen’s Houthis, according to three industry sources and LSEG ship-tracking data.The…

Pertamina Aims to Add Six VLGCs in 2024

Jan 10, 2024

Pertamina International Shipping (PIS), a unit of Indonesian state energy company Pertamina, said on Wednesday it plans to add six new very large gas carriers (VLGC) in 2024 as it eyes fleet expansion focused on gas transport.The company this week launched two VLGCs…

Oil Loadings Resume from Russia's Port of Novorossiisk After Storm

Dec 28, 2023

Oil loadings from Russia's Black Sea port of Novorossiisk have resumed after being suspended due to a storm on Dec. 27, two sources familiar with the matter told Reuters on Thursday.The port will likely be able to ship all the crude volumes scheduled for December…

India Resumes Imports of Venezuelan Oil

Dec 04, 2023

Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance RELI.NS set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country…

China Unlikely to Repeat Last Winter's Surge of Fuel Exports

Nov 21, 2023

A surge of diesel and gasoline exports from China in the last northern winter eased then-prevailing fuel shortages in Asia but a repeat performance this year is unlikely.China's exports of refined products have eased from high levels in recent months…

Refinery Maintenance Puts a Dent in Russia's Seaborne Diesel Exports

Oct 03, 2023

Seaborne diesel and gasoil exports from Russian ports fell 27% in September from a month earlier to about 2.76 million tonnes due to a major overhaul of refineries and a fuel export ban, data from traders and LSEG showed.Idle primary oil refining capacity for September stood at 4…

China's 'Teapot' Refiners Mop Up Swelling Iranian Crude, Defying US Curbs

Sep 14, 2023

Appetite for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices, while Tehran is stepping up output and exports despite U.S. sanctions.Although China's 'teapots'…

Russia's Seaborne Diesel Exports on the Rise

Sep 05, 2023

Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3…

Gazprom's First LNG Cargo via Arctic Destined for China's Jingtang

Aug 23, 2023

A liquefied natural gas (LNG) cargo from Russia's Gazprom being sent via the Northern Sea Route (NSR) for the first time is destined for the Chinese port of Jingtang, Refinitiv ship tracking data shows.The Velikiy Novgorod tanker was loaded at the Portovaya LNG plant on the Baltic Sea on Aug…

Pakistan's Import of Russian Crude Facing Obstacles

Jul 31, 2023

Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say.The…

Russia Resumes Oil Exports to North Korea After Long Pause

Jun 14, 2023

Russia resumed oil exports to North Korea in December, United Nations data shows, the first such shipments reported since 2020 as the two countries deepen ties and the United States flags the risk of arms supplies to Moscow.North Korea has been…

Ports in China's Oil Hub Shandong Scrutinizing Old Tankers

Jun 05, 2023

Ports in China's Shandong province are demanding more detailed information about oil tankers that are more than 15 years old that call at their terminals, sources with knowledge of the matter said, potentially delaying the unloading of crude shipments in the world's biggest oil importer…

Oil Exports from Russia's Western Ports Hit 4-year Record

Jun 05, 2023

Russia's seaborne oil exports from Primorsk, Ust-Luga and Novorossiisk hit 4-year record of 2.4 million barrels per day (bpd) in May as domestic refineries maintenance season freed up extra barrels, Refinitiv Eikon data showed on Monday.Russia's…

Shell Cuts Oil Imports at Singapore Refinery Amid Mooring Repairs

May 22, 2023

Shell has cut crude oil imports at its Singapore refinery this month and is relying on smaller tankers after extending repairs at its single buoy mooring (SBM) facility to June, according to government notices and shipping data.The company is…

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