(Oil Price) – Shandong Port Group, operator of key oil ports used by China’s independent refiners, has prohibited access and services to tankers sanctioned by the U.S. Treasury, a move that could curb Chinese oil imports and raise costs for local refiners, trade sources have told Reuters. Shandong Port Group has issued a notice, seen by the trade sources, banning ports from
World Oil (Bloomberg) — Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa. Eleven of the tracked ships that previously carried Iranian crude have loaded Russian oil and products since April, accounting for 16 loadings in that period, according to a note dated July 21. Most of the vessels are smaller
Iranian parliament officially labels U.S. CENTCOM a terrorist group
From Bloomberg U.S. balancing security and economic interests with sanctions The U.S. plans to grant no new waivers to buyers of Iranian oil as it intensifies efforts to eliminate the Middle Eastern producer’s exports of crude, a senior official said. U.S. sanctions have so far cut Iran’s exports to about 1 million barrels a day from a level of 2.7
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