Tanker Rates Soar 400% On Latest Round Of EU Sanctions On Russia
Tanker rates have jumped by 400% following the latest round of EU and G-7 sanctions targeting Russian petroleum exports
Source: oilprice.com
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Top News In Ben Luckock Today - Breaking & Trending Today
Oil Break Below $80 May Test OPEC's Resolve
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
The EU's Ban On Russian Diesel Won't Really Stop Fuel Flows
By Jack Wittels (Bloomberg) –For decades, a steady stream of ocean tankers has filed back and forth between a small cluster of ports in northwest Europe and the Baltic Sea. Typically,...
Source: gcaptain.com
Russia's 'Shadow Fleet' of Tankers Swells to 600 Ships, Trafigura Says
By Archie Hunter, Alix Steel and Grant Smith (Bloomberg) — The “shadow fleet” of ships that transport Russian oil around the world has expanded to around 600 tankers, according to trading...
Source: gcaptain.com
Traders Warn of Liquidity Risks Amid Volatility
The big trading firms say they are well positioned to manage future liquidity problems, as greater margin calls distort energy markets.
Source: energyintel.com