Russian Oil Exports Have Stabilized, Revenues Steady

Russian Oil Exports Have Stabilized, Revenues Steady

Russia’s oil exports appear to have stabilized, based on Bloomberg data released Monday showing a steady level of 500,000 barrels per day below the peak reached prior to the February invasion of Ukraine. Russian seaborne crude exports reached 3.5 million bpd in the week to July 29th, according to Bloombergwhile the four-week average shows about … Read more

Tanker Companies Race To Ship Russian Oil Ahead Of New Sanctions

Tanker Companies Race To Ship Russian Oil Ahead Of New Sanctions

Western sanctions have so far failed to crush Russia’s oil exports as Moscow is redirecting crude to its more than willing Asian buyers, China and India. European vessel owners, especially private Greek operators, are moving a lot of the Russian oil in the months before the EU ban on seaborne Russian oil imports kicks in … Read more

Russia Adds $9.4 Billion Of Oil Revenue To Its Rainy-Day Fund

Russia Adds .4 Billion Of Oil Revenue To Its Rainy-Day Fund

Russia said on Thursday it had added the equivalent of $9.4 billion to its government emergency reserve fund, with the money coming from extra oil and gas revenues the country has received so far in 2022. The Russian government can easily tap the rainy-day fund and has been actively doing so since the invasion of … Read more

LNG Tanker Rates Soar To Highest Level In 10 Years

LNG Tanker Rates Soar To Highest Level In 10 Years

Last week we showed that while US nat gas prices have had several catalysts that have propelled them higher in recent weeks, one of the biggest drivers why nat gas is trading at the highest level in over a decade, was the recent surge in LNG exports to Europe as Reuters’ energy expert John Kemp … Read more

Oil Tanker Stocks To Watch As Shipping Rates Soar

Oil Tanker Stocks To Watch As Shipping Rates Soar

Market experts consider rising inflation and the Ukraine crisis as the two biggest market risks this year. Runaway inflation has been corroding asset values, limiting buying power and eating away at corporate margins, while Russia’s invasion of Ukraine has disrupted key energy and commodity supply chains causing massive price spikes. consequently, the Dow Jones Transportation … Read more