Patrocinado

Tankers carrying 5 million barrels of Russian oil fail to reach India

0
3K

Six vessels carrying almost 5 million barrels of Russian oil failed to reach their destinations in India, some idling kilometers off the coast for weeks without providing a reason, Bloomberg reported on Dec. 20.

Recent U.S. sanctions targeting the violators of the $60-per-barrel price cap could partially be the reason, the news outlet speculated.

The U.S. Treasury Department sanctioned the NS Century ship, belonging to the Russian Sovcomflot shipping company, on Nov. 16 for violating the price cap.

Two days later, the vessel halted south of Sri Lanka while carrying Russian oil to the Indian port of Vadinar.

In the past week, NS Century was later reportedly joined by two other Sovcomflot-owned tankers carrying oil to Vadinar.

Two more tankers heading to another Indian port, Paradip, also came to a sudden stop before reaching their destinations, and another ship may soon join them, according to Bloomberg.

Five of the listed vessels belong to Sovcomflot.

Both the U.S. and the EU began ramping up sanctions to enforce the price cap on Russian seaborne crude. The measure was imposed last year to limit Moscow's oil revenue without destabilizing global markets.

Although Russia managed to largely avoid the cap in recent months by using a fleet of uninsured "ghost" tankers, Russian oil and gas profits dropped by 41% in 2023 amid tightening sanctions.

With the West weaning itself off Russian oil, Moscow turned to new markets like China and India, offering discount prices.

India is an especially important customer for Russia, as it has been buying more than 60% of Russia's seaborne oil, making it the second buyer of Russian seaborne crude after China.

Patrocinado
Pesquisar
Patrocinado
Categorias
Leia Mais
Networking
Multi-layer Blown Films Market Applications, Products, Share, Growth, Insights and Forecasts by 2028
The multi-layer blown films market will register the growth at a rate of 9.4% for the forecast...
Por Manth18 2023-08-11 07:23:55 0 4K
Outro
The US is sharing hard lessons from urban combat in Iraq and Syria as Israel prepares to invade Gaza
The prospect of Israeli forces launching an assault into Gaza’s dense urban neighborhoods,...
Por Ikeji 2023-10-25 02:00:59 0 3K
Outro
Taming the Signal Storm: High-Performance Wi-Fi Solutions for MDUs
Living in a Multi-Dwelling Unit (MDU) like an apartment complex can feel like a Wi-Fi warzone....
Por ruckusnetworkss 2024-07-20 11:27:18 0 2K
Outro
Emission Monitoring Systems Market Outlook 2034: Innovation Driving Sustainability and Compliance
The global emission monitoring systems market is poised for robust growth, reflecting the world's...
Por sandy1242 2025-04-30 16:51:39 0 981
News
E-commerce Analytics Market Trends and Future Growth Strategies 2032
"E-commerce Analytics Market Dynamics: Growth, Trends, and Future Outlook 2024-2032" E-commerce...
Por palak800 2024-09-19 09:00:23 0 2K
Patrocinado
google-site-verification: google037b30823fc02426.html