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Oil Tanker Spotted in Risky Active Pass Alarms Activists
Oil Tanker Spotted in Risky Active Pass Alarms Activists Officials promise no repeats. But advocates say the incident raises new concerns about regulation of tankers in BC’s waters. Narrow, twisting and busy Active Pass is no place for oil tankers, say advocates. But a loaded tanker travelled through the busy pass last month. Photo by Ruth Hartnup, […]
Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts
Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route. Supertankers delivering 2-million-barrel shipments of the kingdom’s oil to China are losing […]
Tanker Operators Suspend Travel Through Strait Of Hormuz
Tanker Operators Suspend Travel Through Strait Of Hormuz Following Iran’s decision to lob missiles at US-Iraqi bases last night, several major tanker operators have suspended sailing through the Straits of Hormuz, the site of several tanker attacks last year. Petrobras, Bahri – Saudi Arabia’s state-run tanker operator – and other tanker companies have suspended sailing […]
Russia’s Sound Proposal for Gulf Peace
Russia’s Sound Proposal for Gulf Peace There is an eminently reasonable and feasible way to avoid conflict in the Persian Gulf, and to secure peace. The principles of multilateralism and international law must be adhered to. It seems almost astounding that one has to appeal for such obvious basic norms. Fortunately, Russia has presented a […]
“No Quid Pro Quo”: UK Rejects Iran’s Offer To Swap Seized Tankers
“No Quid Pro Quo”: UK Rejects Iran’s Offer To Swap Seized Tankers Britain this week has rejected an Iranian offer to swap each other’s captured tankers, as the crisis involving the British-flagged Stena Impero and the Iranian oil filled Grace 1 previously captured by Royal Marines off Gibraltar on July 4 has remained deadlocked. Most observers agree […]
UK Releases Footage Showing Warship Escorting Tankers In Gulf
UK Releases Footage Showing Warship Escorting Tankers In Gulf The UK Royal Navy has now fully initiated its planned-for escort mission to British-flagged tankers transiting the increasingly dangerous Strait of Hormuz, following Iran’s IRGC seizure and continued detention of the Stena Impero and its crew. Britain’s Defence Ministry said in a statement Thursday that “the Royal Navy has been tasked […]
The Mysterious “Sabotage” of Saudi Oil Tankers: a Dangerous Moment in Trump’s Escalating Conflict With Iran
The Mysterious “Sabotage” of Saudi Oil Tankers: a Dangerous Moment in Trump’s Escalating Conflict With Iran Saudi Arabia’s claim that two of its oil tankers have been sabotaged off the coast of the UAE is vague in detail – but could create a crisis that spins out of control and into military action. Any attack on shipping in or […]
Tight Oil Markets Could Be About To See A ‘Violent’ Price Spike
Tight Oil Markets Could Be About To See A ‘Violent’ Price Spike Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, according to Rystad Energy. Two Saudi Arabian oil tankers were reportedly attacked off the coast of the United Arab Emirates (UAE) this weekend, sending crude […]
Iran Shuts Off Oil Tanker Tracking System As US Sanctions Start
Iran Shuts Off Oil Tanker Tracking System As US Sanctions Start The US on Monday (Nov 5) is reimposing disciplinary measures targeting Iran’s oil, shipping, insurance, and banking sectors in what US Secretary of State Mike Pompeo called “the toughest sanctions ever placed” against Iran. In response, Tehran has reportedly turned off all oil tanker […]
25 Oil Tankers Stuck In Gulf, Unable To Offload Due To Harvey Port Closures
25 Oil Tankers Stuck In Gulf, Unable To Offload Due To Harvey Port Closures According to ship-tracking data compiled by Bloomberg, coupled with MarineTraffic real-time tracking, at least 25 tankers carrying almost 17 million barrels of imported crude oil are drifting near Texas and Louisiana ports, unable to offload because of closures from Tropical Storm […]
Oil Tankers Are Filling Up As Global Storage Space Runs Low
Oil Tankers Are Filling Up As Global Storage Space Runs Low The rebound in oil prices is still not here, and new data suggests that it will take some more time before the markets start to balance out. Global supplies are still too large to justify a significant rally in oil prices. The latest indicator […]
Trans Mountain pipeline expansion ‘disastrous,’ says Mayor Gregor Robertson
Trans Mountain pipeline expansion ‘disastrous,’ says Mayor Gregor Robertson ‘My mind is clearly made up. I think this is a bad deal for Vancouver,’ he said after reading new report Mayor Gregor Robertson says new evidence proves the expansion of Kinder Morgan’s Trans Mountain pipeline presents a grave threat to the City of Vancouver’s health, […]
And The Biggest Winner From The Oil Price Plunge Is… | Zero Hedge
And The Biggest Winner From The Oil Price Plunge Is… | Zero Hedge. “The Chinese, among others, seem to be responding to the lower oil price with additional demand,” notes one tanker executive as Bloomberg reports the number of supertankers sailing toward China’s ports matched a record on Oct. 17 and is still close to that level now. […]
