IGP&I: Conclude all carriage of Venezuelan oil cargoes by 31 May
According to Shipowner's P&I Club, the International Group of P&I Clubs has issued a circular advised to conclude all carriage of Venezuelan oil cargoes by 31 May 2024.
Read moreAccording to Shipowner's P&I Club, the International Group of P&I Clubs has issued a circular advised to conclude all carriage of Venezuelan oil cargoes by 31 May 2024.
Read moreThe Greek navy has extended an advisory restricting ship traffic off the southeastern Peloponnese coast, aimed at deterring ship-to-ship transfers of Russian oil.
Read moreIn this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, examines how sanctions on Russian oil exports and attacks on shipping in the Red Sea area have caused major shifts in tanker trades.
Read moreLondon Club highlights that as per the Club’s circular of 23 February 2023, Members potentially involved in the carriage of Russian origin oil and/or petroleum products are required for the policy year 23/24 to submit an annual attestation of Price Cap compliance in the form set out in annex A of the circular.
Read moreAccording to the Energy Information Administration (EIA), the United States has been the leading producer of crude oil globally for the past six years, as per the International Energy Statistics.
Read moreIn January, U.S. crude oil exports to Asia fell to 1 million barrels per day, marking the lowest level in more than two years. This decline was attributed to elevated freight rates and the availability of more competitively-priced Middle Eastern oils, which resulted in reduced shipments, Reuters highlights.
Read moreThe National Transportation Safety Board (NTSB) has released an investigation report in which the liftboat L/B Robert was reported to be listing (tilting) alongside a stationary oil platform in the Gulf of Mexico near South Marsh Island Block 137, about 80 miles southeast of Lake Charles, Louisiana, on November 20, 2022, at 1256 local time.
Read moreAll Clubs in the International Group have issued a similarly worded circular, in which highlight that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued 4 general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela.
Read moreAD Ports Group in collaboration with KazMorTransFlot (KMTF), has announced the acquisition and commencement of operations of two state-of-the-art vessels designed for the transportation of Kazakhstan's oil across the Caspian Sea.
Read moreAccording to IEA, the global oil and gas industry encompasses a large and diverse range of players: from small, specialised operators to huge national oil companies. These producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products.
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