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A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil

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A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil

A lot of that demand is predicted to return from Asia. India’s purchases of Russian oil, specifically, has jumped greater than 700 % within the 5 weeks because the begin of the conflict in Ukraine in comparison with the earlier 5 weeks, in line with knowledge from the Russian Tanker Monitoring Group.

As shipments to Asia have risen, Europe has proven a need to chop purchases of Russian crude, mentioned Reid L’Anson, senior commodity economist at Kpler, mentioned in an e mail.

Monitoring the drifting oil tankers at sea was necessary to begin determining the brand new image for Russian oil exports, he mentioned. Whereas it wasn’t essentially out of the bizarre to have some tankers with unknown locations, “given the scenario in Russia, monitoring these flows shall be important,” he mentioned. “I’m going to be very to see simply how a lot Asia fills the hole left by European shopping for,” he added.

A part of the West’s shift away from Russian oil has come on the heels of rising public strain.

When the Minerva Virgo, a 50,000-ton Croatia-flagged tanker carrying Russian petrochemicals, docked in New York final week, the environmental group Greenpeace staged a protest within the harbor, with activists in rubber boats holding up indicators that learn “Oil Fuels Battle.”

(A number of days later, a smaller tanker carrying Russian chemical substances additionally headed for New York, the Vinjerac, modified its vacation spot to “Drifting” a brief distance from the shore and has not docked.)

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In the UK, dockworkers on the Birkenhead Docks in northwest England earlier this month refused to unload a German-flagged tanker. Employees would “certainly not unload any Russian oil,” an area union chief instructed Sky Information. The UK has banned Russian tankers from British ports however the order doesn’t apply to vessels from different international locations carrying Russian oil.

In response to the invasion, main oil firms have mentioned they’re stepping away from their investments in Russia. Corporations like BP, Shell, TotalEnergies and Exxon Mobil have all mentioned they’d not signal new oil contracts with Russia.

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Squid Game’s Park Sung-hoon Exits Forthcoming K-Drama Amid NSFW Controversy

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Squid Game’s Park Sung-hoon Exits Forthcoming K-Drama Amid NSFW Controversy


Park Sung-hoon Controversy: Squid Game Actor Leaves The Tyrant’s Chef



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Russia says it will continue oil and gas projects despite US sanctions

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Russia says it will continue oil and gas projects despite US sanctions

Russia’s Foreign Ministry on Saturday denounced new U.S. sanctions against Moscow’s energy sector as an attempt to harm Russia’s economy at the risk of destabilizing global markets and said the country would press on with large oil and gas projects.

A ministry statement also said that Russia would respond to Washington’s “hostile” actions, announced on Friday, while drawing up its foreign policy strategy.

RUSSIAN FOREIGN MINISTER BLASTS UKRAINE PEACE DEAL REPORTEDLY FLOATED BY TRUMP’S TEAM: ‘NOT HAPPY’

The statement said the measures amounted to “an attempt to inflict at least some damage to the Russian economy, even at the cost of the risk of destabilizing world markets as the end approaches of President Joe Biden’s inglorious tenure in power.”

Steam rises from chimneys of the Gazprom Neft’s oil refinery in Omsk, Russia.  (Reuters/Alexey Malgavko)

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“Despite the convulsions in the White House and the machinations of the Russophobic lobby in the West, trying to drag the world energy sector into the ‘hybrid war’ unleashed by the United States against Russia, our country has been and remains a key and reliable player in the global fuel market.”

The measures constituted the broadest U.S. package of sanctions so far targeting Russia’s oil and gas revenues, part of measures to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal to end the war in Ukraine.

The U.S. Treasury imposed sanctions on Gazprom Neft and Surgutneftegas, which explore for, produce and sell oil as well as 183 vessels that have shipped Russian oil, many of which are in the so-called shadow fleet of ageing tankers operated by non-Western companies.

Ukrainian President Volodymyr Zelenskiy said the measures would “deliver a significant blow” to Moscow. “The less revenue Russia earns from oil … the sooner peace will be restored,” he said.

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Sudan army says its forces enter Wad Madani in push to retake city from RSF

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Sudan army says its forces enter Wad Madani in push to retake city from RSF

The military says it is working to ‘clean up the remaining rebel pockets’ inside the capital of Gezira state.

The Sudanese military and allied armed groups have entered Wad Madani and were pushing out the rival Rapid Support Forces (RSF) paramilitary from the strategic city in Gezira state, according to the army.

In a statement on Saturday, the armed forces “congratulated” the Sudanese people on “our forces entering the city of Wad Madani this morning” after more than a year of RSF control.

“They are now working to clean up the remaining rebel pockets inside the city,” the statement said.

There was no immediate comment from the RSF.

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The office of army-allied government spokesperson and Information and Culture Minister Khalid al-Aiser said the army had “liberated” the city.

The army posted a video appearing to show soldiers inside the city that has been held by the RSF since December 2023.

Sudan’s army and the RSF have been at war since April 2023, causing what the UN calls the world’s worst displacement crisis and declarations of famine in parts of the northeast African country.

Wad Madani is strategic because it is a crossroads of key supply highways linking several states, and is the nearest major town to the capital Khartoum.

Army ‘in most parts of Wad Madani’

Al Jazeera’s Hiba Morgan, reporting from Khartoum, said the army forces had been advancing towards the city over recent days.

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“They have been taking over villages in the south and southeast of [Gezira] state until this morning, when they took over Hantoub Bridge – a decisive bridge that leads into the city,” she said.

“The army is now in most parts of Wad Madani,” she added.

“The army and allied fighters have spread out around us across the city’s streets,” one witness told the AFP news agency from his home in central Wad Madani, requesting anonymity for his safety.

Both the army and the RSF have been accused of committing war crimes including targeting civilians and indiscriminately shelling residential areas.

Sudanese citizens in Port Sudan celebrate following an announcement by the army that it entered the city of Wad Madani [Ibrahim Mohammed Ishak/Reuters]

The paramilitary forces have been accused of summary killings, rampant looting, systematic sexual violence and laying siege to entire towns.

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The United States on Tuesday said the RSF had “committed genocide” and imposed sanctions on its leader, Mohammed Hamdan Daglo, also known as Hemedti.

The local resistance committee, one of hundreds of pro-democracy volunteer groups across the country coordinating frontline aid, hailed the Wad Madani advance as an end to “the tyranny” of the RSF.

Witnesses in army-controlled cities across Sudan reported dozens of people taking to the streets to celebrate the news.

Twelve million displaced

The recapture of Gezira state as a whole could mark a turning point in the war that began over disputes on the integration of the two forces, which has created one of the world’s largest humanitarian crises.

Since it began, the war has killed tens of thousands and uprooted more than 12 million people, more than three million of whom have fled across borders.

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In the early months of the war, more than half a million people had sought shelter in Gezira, before a lightning RSF offensive displaced upwards of 300,000 in December 2023, according to the UN.

Most have been repeatedly displaced since, as the feared paramilitaries moved further and further south.

The RSF still holds the rest of the central agricultural state of Gezira, as well as nearly all of Sudan’s western Darfur region and swaths of the country’s south.

The army controls the north and east, as well as parts of the capital Khartoum.

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