Oil tanker costs climb as Russian shipments take longer
Because of sanctions on Russian oil, Russia is now sending more of its oil a lot farther away, shrinking shipping capacity.
Source: marketplace.org
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Oil Tanker Markets Upended As Trade Routes Shift
Western embargoes on seaborne imports of Russian crude and refined products have upended traditional oil shipping routes and as a result, tanker rates have soared
Source: oilprice.com
Ukraine War: Curbs on Russian Oil Products Redraw Global Shipping Map
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the European Union ban on Russian fuel that started on Feb. 5, tankers carrying clean oil products such as gasoline, diesel, jet fuel and naphtha are travelling between 16 and 18 days to bring Russian supplies to Brazil or U.S. cargoes to Europe.
Source: news18.com
New shipping map
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.As a result of the...
Source: thenews.com.pk
Western curbs on Russian oil products redraw global shipping map
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western...
Source: dailysabah.com