US imposes sanctions on individuals, tankers shipping Iranian oil to China
The U.S. Treasury said on Thursday it is imposing new sanctions on individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China. The move comes after U.S. President Donald Trump earlier this week vowed to bring Iran's oil exports to zero as the U.
US issues sanctions against Iranian crude oil shipping network
According to the OFAC, the oil was shipped on behalf of Iran’s Armed Forces General Staff (AFGS) and its sanctioned front company, Sepehr Energy Jahan Nama Pars (Sepehr Energy).
Russia Oil Trade to China, India Stalls as Sanctions Drive up Shipping Costs
In China, newly sanctioned tankers face delays offloading oil despite meeting waiver requirements. Three of them discharged Russian ESPO and Sokol crude during Jan. 15-17 while tanker Olia offloaded at Shandong's Yantai port on Sunday after carrying its ESPO cargo for nearly three weeks, according to LSEG data.
Canada Eyes More Ways to Ship Oil to China as US Threatens Trade
Almost every day since the expansion of Canada’s Trans Mountain pipeline was completed in May, a tanker laden with oil sands crude shipped through the line has passed under Vancouver’s Lions Gate Bridge en route to refineries around the Pacific.
US slaps sanctions on network shipping Iranian oil to China
The U.S. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to boost pressure on Tehran.
Oil Rises After U.S. Unveils Fresh Iran Sanctions
Oil rose in early trade after the U.S. imposed sanctions on an international network facilitating the shipment of Iranian crude to China.
Crude Prices Supported by Prospects of Tighter Sanctions on Iran
WTI crude oil (CLH25) today is up +0.15 (+0.21%), and March RBOB gasoline (RBH25) is up +0.0191 (+0.93%). Crude oil and gasoline prices today are slightly higher. Crude is climbing as the US ramps up sanctions on Iranian crude exports that could tighten global oil supplies after the US Treasury today sanctioned an international network for
Oil tanker attacked last year crosses Red Sea as Houthi ceasefire holds
President Volodymyr Zelenskiy said in an interview broadcast on Tuesday that Ukraine was prepared to proceed along a ...
Ship New to Russia Oil Trade Docks at Port Shaken by Sanctions
A tanker new to the Russian oil trade docked at the Pacific port of Kozmino over the weekend, as merchants seek to rebuild ...
Oil companies preparing contingency plan as Whiffen Head terminal remains offline
The organization that co-ordinates crude oil transportation from Newfoundland and Labrador's offshore says contingency plans ...
Crude Oil Prices11d
Russia’s Total Crude Oil Exports Dipped by 2.2% in 2024
Russia's overall crude oil exports fell in 2024 despite increased shipments to China as Western sanctions forced a shift in export routes.
Moscow's oil exports are under pressure as Western sanctions hit Russia's 'shadow fleet'
The "shadow fleet" comprises often aging, uninsured ships that aim to evade sanctions on Russian energy exports.
India Today on MSN11d
Indian Oil turns to sweet crude as Russian oil supplies tighten: Report
The United States recently imposed sweeping sanctions on Russia, targeting its oil producers and shipping networks. This has ...