US Blacklists “Oil-for-Terror” Shipping Network

US Blacklists “Oil-for-Terror” Shipping Network

The United States has blacklisted an “oil-for-terror” shipping network allegedly directed by the Islamic Revolutionary Guard Corps (IRGC) for providing millions of dollars worth of oil to …
Sep 5, 2019 /  Curious
U.S. Blacklists Two Executives for Alleged Oil Trade with North Korea

U.S. Blacklists Two Executives for Alleged Oil Trade with North Korea

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has placed sanctions on two Taiwanese companies and a Hong Kong-based entity for their alleged roles in ship-to-ship transfers of …
Sep 4, 2019 /  Curious
US blacklists Iranian Adrian Darya

US blacklists Iranian Adrian Darya

The United States Department of Treasury announced that it blacklisted the Iranian Oil Tanker Adrian Darya 1, along with its captain. The vessel has been in the middle of disputes as it was released from detention …
Sep 2, 2019 /  Curious
Why is China hiding its oil tankers from US trackers?

Why is China hiding its oil tankers from US trackers?

In early June, a Chinese-owned supertanker abruptly went dark in the Indian Ocean, the tracking system signalling its course apparently deactivated. It was not the first ship to vanish from the monitors. The …
Aug 30, 2019 /  Curious
Oil Tankers With US Crude Race To Beat China Tariff Deadline

Oil Tankers With US Crude Race To Beat China Tariff Deadline

A handful of oil tankers carrying US crude to China are racing to beat the September 1 deadline when Beijing’s 5% tariff on US crude imports will kick in, but not all will cross the finishing line on time. These …
Aug 29, 2019 /  Finance
Record high seaborne US crude oil exports in June 2019

Record high seaborne US crude oil exports in June 2019

The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million (m) tonnes in June 2019. Also contributing to the June record was South Korea, as …
Aug 28, 2019 /  Finance
All Crude Oil from Adrian Darya 1 has been Sold, claims Iran

All Crude Oil from Adrian Darya 1 has been Sold, claims Iran

Iran has sold the crude oil from Adrian Darya 1, released by Gibraltar after weeks in the custody of British Royal Marines and the vessel’s owner will decide on its next destination, IRIB news agency quoted an …
Aug 27, 2019 /  Curious
Update: Iranian tanker Adryan Darya 1 Sails to Undeclared Destination Amid Cargo Scrutiny

Update: Iranian tanker Adryan Darya 1 Sails to Undeclared Destination Amid Cargo Scrutiny

The Iranian oil tanker Adrian Darya 1 that the U.S. sought to seize in Gibraltar was about halfway into the Mediterranean Sea without declaring a destination on Sunday amid mounting speculation over where the roughly 2 …
Aug 26, 2019 /  Curious
Trump hits back after China announces new tariffs

Trump hits back after China announces new tariffs

President Trump tweeted on Friday that his administration will boost tariffs on $550 billion in Chinese imports in retaliation for China's decision on Friday to hike trade levies on $75 billion in U.S. products. The …
Aug 26, 2019 /  Finance
Released Iranian Oil Tanker Switches Direction, Heads for Turkey

Released Iranian Oil Tanker Switches Direction, Heads for Turkey

The Iranian oil tanker that the U.S. sought to seize in Gibraltar has changed its heading to southern Turkey, raising concern that its cargo will end up in Syria. The Iranian-flagged Adrian Darya 1 switched its …
Aug 26, 2019 /  Curious