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Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe
Sep 20 2024 // Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of...
Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India
Sep 18 2024 // Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue...
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk
Sep 18 2024 // Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those...
Big Oil Companies Defeat Consumer Lawsuit Over Production, Prices
Sep 17 2024 // Several oil companies including Exxon Mobil and Chevron defeated an appeal on Monday by consumers who accused them of colluding with former U.S. President Donald Trump, Russia and Saudi Arabia to cut oil production,...
EU Navy Starts Towing Stricken Red Sea Oil Tanker Hit by Houthis
Sep 16 2024 // The European Union’s naval force said it managed to connect tug boats to a burning oil tanker in the Red Sea, and that the vessel is now being towed away. “The tug boats have successfully connected to the...
Texas is Close to Adopting Revised Oil and Gas Waste Rules
Sep 13 2024 // Texas is inching closer to adopting revised oil and gas waste management rules for the first time in four decades. The Railroad Commission of Texas announced the draft rule at its Aug. 15 meeting and is now soliciting...
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