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Tag Archives: tankers

What if no one wants your cargo? Tankers stuck with dirty Russian oil.

PortandTerminal.com, June 25, 2019 By Olga Yagova, Dmitry Zhdannikov and Florence Tan MOSCOW/LONDON, June 25 (Reuters) – In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world’s second-largest exporter of crude this spring is long over. But a closer look at a dozen tankers containing dirty Russian oil suggests that for the buyers, the debacle has a …

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$477 million worth of Venezuelan oil stuck at sea waiting for buyers

PortandTerminal.com, February 27, 2019 HOUSTON/PUNTO FIJO – A fleet of 16 tankers holding 8.36 million barrels of Venezuelan crude are floating off the country’s coast as the nation scrambles to find buyers for its oil following new U.S. sanctions in January.  At today’s prices, that oil is worth $477 million dollars. Last month, the Trump administration imposed wide-ranging sanctions on …

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