Category: Tanker

Ukraine Strikes 8 Russian Dark Fleet Tankers in Sea of Azov, Escalating Campaign Against Moscow’s Oil Lifeline

Erick Parel1010

In a major overnight operation, Ukrainian drone forces struck eight Russian “shadow fleet” tankers in the Sea of Azov that were delivering fuel to occupied Crimea. The attack, described by Ukrainian commanders as achieving “industrial-scale results,” marks the latest and most concentrated blow in Kyiv’s sustained campaign to disrupt Russia’s energy exports and logistics supporting […]

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Middle East Oil Producers Face Export Hurdles Amid Hormuz Disruptions: Demand Destruction or Market Mispricing? Analyst Views on the Road Ahead for Oil Prices

Clark Savage1769

Middle East oil producers are grappling with significant challenges in selling their crude, even as global benchmark prices (Brent and WTI) have surprisingly softened below or near pre-conflict levels. This comes despite a major supply shock from disruptions in the Strait of Hormuz following the early 2026 Iran conflict (U.S./Israeli strikes on Iran). The market […]

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China Merchants Stay the Course on VLCCs – What does this mean for the energy markets?

Clark Savage1075

China Merchants Energy Shipping (CMES) is doubling down on Very Large Crude Carriers (VLCCs), signaling strong long-term confidence in global crude oil trade despite short-term market volatility. In a recent Lloyd’s List report, the Chinese shipping giant dismissed a nearly 40% drop in VLCC spot rates since late June 2026 as a temporary distortion, raising […]

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Iranian Strikes on Tankers in the Strait of Hormuz Heighten Global Energy Security Risks

Clark Savage1082

Tensions in the Strait of Hormuz escalated sharply this week with two reported attacks on commercial vessels, underscoring the vulnerability of one of the world’s most critical energy chokepoints. On June 25, the Singapore-flagged container ship M/V Ever Lovely (operated by Taiwan’s Evergreen Marine) was struck by what U.S. officials described as an Iranian drone […]

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Energy Security Starts at Home: New and Refilled SPR Storage Could Drive Billions of Barrels of Oil Demand

Clark Savage1779

The recent closure of the Strait of Hormuz and the resulting stranding of over 10 million barrels per day of crude from the Persian Gulf served as a stark wake-up call for import-dependent nations worldwide. In response, countries are racing to expand strategic petroleum reserves (SPR) and commercial storage capacity for both oil and LNG. […]

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Over 30 Iranian Tankers Heading to Asia: A Major Boost for Tehran Amid U.S. Sanctions Waiver

Clark Savage1982

In a striking development reported today by energy expert Dr. Anas Alhajji, more than 30 oil tankers carrying Iranian crude—with their AIS transponders visibly active—are currently heading to Asia. These vessels are loaded with over 50 million barrels of crude oil, according to shipping data from Kpler. This visible convoy marks a significant shift following […]

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