Oilfield Team
Oil & Gas Books Store, Petroleum Engineering Books
  • Main
  • News
  • Photo
  • Video
  • Oilfield Jobs
  • Learning Section
  • Oil & Gas Calculator

Tankers that carried Iranian oil are switching to Russian crude

2022.07.23
1 050

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 aframaxes, which can typically haul 730,000 barrels, the analytics company said.

 

“As more companies scale back from carrying Russian crude and products, those familiar with the sanctioned crude trade will continue using their tankers to assist Russia in exporting oil East of Suez,” Armen Azizian, a crude market analyst at Vortexa, said in the note.

Russian shipments climbed to 250,000 barrels a day in the first half of July, an increase of 170,000 barrels a day from April, Vortexa said. Vessels also include very-large crude carriers, which can haul about 2 million barrels, it added.

There’s a growing number of oil tankers turning off their satellite transponders and carrying out ship-to-ship transfers of Russian Urals in the Atlantic, Vortexa said. Known as going dark, the method is often used to mask the loading or unloading of cargoes. Of the 14 VLCCs and aframaxes that have gone dark in recent weeks, five of them have previously moved Iranian crude.

As more shippers and insurers turn away from handling Russian oil after its invasion of Ukraine, the remaining tankers still willing to handle such sensitive deals are able to charge higher prices.

Related Posts

The Need For Workforce Housing In The Oil And Gas Industry
2023.03.28
37
The Need For Workforce Housing In The Oil And Gas Industry
The oil and gas industry is an undeniable powerhouse, and at its heart lies a dedicated workforce, c…
6 Benefits Of Precision Measurement Equipment In Oil And Gas Industries
2023.02.23
303
6 Benefits Of Precision Measurement Equipment In Oil And Gas Industries
Precise measurements are essential in various industries and applications. In oil and gas, the stake…
5 Steps To Build A Career In The Oil Industry
2022.12.05
703
5 Steps To Build A Career In The Oil Industry
Careers in the oil sector are highly diverse and may require various skill levels. That said, it&nbs…
8 Health And Safety Practices For Employees Working In Remote Areas
2022.09.06
1 303
8 Health And Safety Practices For Employees Working In Remote Areas
Some industries focusing on oil exploration and mining require working in remote locations. In these…
Market quotes are powered by TradingView.com
© Oilfield Team, 2023
About Us  | Contact Us  | Privacy Policy  
Made in studio Zuber