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Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist

Feb 7 2025 // Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their...

Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds

Feb 4 2025 // Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen’s Houthis last year, sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since the militia...

India Widens Approvals for Russian Insurers After Oil Sanctions

Jan 23 2025 // India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month. As well as extending...

Tanker Under US Sanctions Discharges Oil at Chinese Port: LSEG Data

Jan 17 2025 // A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday. The tanker is the first since last week’s...

Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action

Jan 17 2025 // Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090. That is if immediate policy actions on risks posed by climate change are not...

New York City Lawsuit Against Exxon, BP, Shell Over Climate Change Dismissed

Jan 16 2025 // A judge has dismissed New York City’s lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In...

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