MOL Orders Alternative Oil to Supply Hungary, Slovakia Refineries
Hungary's MOL group has ordered tankers delivering Saudi, Norwegian, Kazakh, Libyan and Russian oil to supply its Hungarian and Slovak refineries and halted diesel supplies to Ukraine as it scrambles to overcome an outage of the Druzhba pipeline, officials said on Wednesday.MOL's refineries, the last in the EU to receive Russian oil through Druzhba, have struggled since a supply halt that Ukraine says was due to a Russian attack that damaged the pipeline infrastructure on January 27.The refineries plan to start tapping state oil reserves, with the Slovak government approving on Wednesday a loa
Czechia Offers Limited Oil to Slovakia After Ukraine Pipeline Attack
The Czech Republic is offering small volumes of oil to Slovakia through an eastward flow of the Druzhba pipeline after westward flows from Ukraine were stopped after an attack on the pipeline last month, Czech Economy Minister Karel Havlicek said on Tuesday.The Czechs stopped using Russian supplies via Druzhba last year after expanding an alternative route, and have mentioned reversing the flow of the Czech section of the pipeline to Slovakia as a theoretical possibility.Havlicek told Reuters a "certain small amount" could be delivered to Slovakia right away, but larger amounts would require t
EU: Hungary, Slovakia to See No Short-Term Oil Supply Risk
The European Commission sees no short-term risk to the security of oil supplies in Hungary or Slovakia following the disruption of Russian oil flows via Ukraine because both EU countries have ample emergency stocks, a Commission spokesperson said on Tuesday.Slovakia's government also said its domestic fuel supply was not under threat, alleviating fears of an immediate fuel crunch after Kyiv's foreign ministry last week said a Russian attack on a Ukrainian pipeline was responsible…
Russian Wheat Prices Spike on Shipping Difficulties
Russian wheat export prices rose last week as weather conditions continued to seriously hamper shipments from the country's southern ports, analysts said.The price of Russian wheat with 12.5% protein content for free-on-board (FOB) delivery in the second half of March was $233.0 a metric ton at the end of last week, up $2 compared to the previous week, said Dmitry Rylko, head of the IKAR consultancy.Weather conditions significantly limited shipments from Russia's southern ports in January.
Russia's Taman Port Damaged by Ukrainian Drones
Russia's Black Sea port of Taman, which handles oil products, grain, coal and commodities, has been damaged by a Ukrainian drone attack, the governor of Russia's Krasnodar region said on Sunday.Two people were injured as an oil storage tank, warehouse and terminals took damage in Volna village, the site of Taman port, Veniamin Kondratyev said in a post on Telegram.Kondratyev said that more than 100 people were working to put out several fires at the port.Separate strikes on the resort city of Sochi and the village of Yurovka…
Russian Drones Hit Odesa Energy Infrastructure, Cutting Power
Russian forces struck energy facilities in Ukraine's Odesa region on the Black Sea overnight, leaving over 95,000 people in the southern part of the region without power, a regional official said on Tuesday.Russia launched 125 drones at Ukraine overnight and Ukrainian air defence units shot down or neutralised 110, the Ukrainian air force said.Oleh Kiper, Odesa regional governor, said the small town of Kilia was in the most difficult situation, as more than 200 buildings housing 9…
EU Proposes Extending Sanctions on Russian Oil to Georgian, Indonesian Ports
The EU has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time it would target ports in third countries, a proposal document showed on Monday. The proposal, reviewed by Reuters, wouldadd Kulevi in Georgia and Karimun in Indonesia to the sanctions list, meaning European companies and individuals would be barred from carrying out transactions with the two ports.The sanctions package, which would be the 20th imposed by the EU over Russia's actions in Ukraine…
Russian Oil Tankers List Singapore as Destination, Export Flows Shift to China
Russian oil tankers are increasingly listing Singapore as their official destination, signalling a shift in export flows from India to China and growing concerns over Western sanctions, traders said and LSEG shipping data shows.LSEG data shows tankers carrying about 1.4 million metric tons of Russian crude departed for Singapore in January, the highest monthly volume in recent years.Singapore doesn't import Russian oil amid sanction risks, but its nearby waters are sometimes used for ship-to-ship transfers…
Norway Expects More Russian Spying in the Arctic
Norwegian security services said they expect Russia to step up its spying on Norway this year, with a focus on the Arctic, and Moscow may commit acts of sabotage aimed at undermining Oslo's support for Ukraine.Norway, an ally of Ukraine and Europe's top supplier of pipeline gas, has been increasingly concerned that Russian intelligence agencies could target its energy infrastructure, either physically or via cyberattacks."We expect Russian intelligence services to increase their activity in Norway in 2026…
EU Proposes Sweeping Sanctions on Russian Crude Exports
The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow's key source of income for its war on Ukraine.Russia exports over a third of its oil in Western tankers - mostly from Greece, Cyprus and Malta - with the help of Western shipping services.The ban would end that practice, which mostly supplies India and China, and render obsolete…
U.S.-India Trade Pact Could Cut Russian Oil Exports 25%
"In 2025, India’s oil imports from Russia made up 33% of the country’s total seaborne oil imports and 25% of Russia’s seaborne oil exports. A new trade agreement between the US and India could, according to US President Donald Trump, put an end to that trade,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.On Monday, President Trump announced that a new trade agreement between the US and India would lead to mutual tariff reductions. US tariffs on Indian goods would fall from 50% to 18% and Indian tariffs on US goods could fall to zero.
Indian Diesel Exports to West Africa Jump as EU Bans Russian Derived Fuel
India stopped exporting diesel to the European Union this month due to the European Union's ban on fuel derived from Russian crude and instead sent a record amount to West Africa, shipping data from Kpler and Vortexa showed, while Turkey's diesel exports to the EU slowed in recent months.The developments highlight that the EU policy, aimed at punishing Russia over its 2022 full-scale invasion of Ukraine, is prompting a further reordering of intercontinental oil flows, forcing…
French Navy Diverts Russian Oil 'GRINCH' to Marseille-Fos Port
The French navy has diverted the "GRINCH" oil tanker it detained on Thursday towards the port of Marseille-Fos for further investigation, a source close to the investigation told Reuters on Friday.The navy had intercepted the tanker, which had left Murmansk in early January, on suspicion of operating under a false flag and belonging to the "shadow fleet" that enables Russia to export oil despite sanctions, shortly after it crossed into the Mediterranean Sea through the Straits of Gibraltar.The case is being investigated by the prosecutor of Marseille…
French Navy Intercepts Sanctioned Russian Tanker in the Mediterranean
The French navy on Thursday intercepted a Russian tanker in the Mediterranean suspected to be part of the shadow fleet that enables Russia to export oil despite sanctions."This operation was carried out ... with the support of several of our allies. It was conducted in full compliance with the United Nations Convention on the Law of the Sea," French President Emmanuel Macron said on X.The interception was carried out on high seas in the Western Mediterranean, between the southern coast of Spain and the northern coast of Morocco…
Greece Warns Shipping Fleet of Risks after Black Sea Drone Attacks
Greece has warned its shipping fleet to review their security measures when sailing to Russian Black Sea ports after drone attacks on two Greek-operated tankers this week, according to shipping ministry advisories.Drones struck two oil tankers on Tuesday, including one chartered by U.S.
Russian Drones Hit Two Foreign Vessels Near Chornomorsk Port
Russian drones struck two foreign-flagged vessels on Monday, Ukraine's Deputy Prime Minister Oleksiy Kuleba said, the second such attack in four days on Black Sea shipping as the war nears the end of its fourth year.Kuleba said the vessels were sailing under the flags of Panama and San Marino, and that one person had been injured.The Panamanian ship was en route to pick up vegetable oil and the San Marino-flagged vessel had just been loaded with corn, he added."This is further evidence that Russia is deliberately attacking civilian vessels…
Sweden Urges EU Ban on Supporting Russian Oil, Gas-Shipping Fleet
The European Union should ban companies from providing any support to Moscow's oil and gas-shipping fleet, introduce sanctions against Russian fertilisers and stop luxury goods exports to Russia, Sweden's foreign minister said on Monday.The 27-nation bloc is currently preparing its 20th sanctions package aimed at punishing Russia for its war in Ukraine. Previous sanctions have focused heavily on hobbling its oil and gas sector, the Kremlin's primary source of revenues."The pressure on Russia has to be increased…
Russian Drone Hits Two Foreign-Flagged Vessels Near Odesa
Russia has attacked two foreign-flagged civilian vessels with drones in the southern Odesa region, killing a Syrian national and injuring another, Ukrainian officials said on Friday.Moscow has stepped up attacks on Ukraine's maritime export arteries over the last two months as retaliation for attacks on "shadow fleet" tankers heading to Russia to export its oil.Deputy Prime Minister Oleksiy Kuleba said in a statement that one ship had been sailing along Ukraine's maritime export corridor to pick up a grain cargo at the port of Chornomorsk, and was under the flag of Saint Kitts and Nevis.The ot
Russian-Bound Tanker Struck in Black Sea Drone Attack
A Russia-bound oil tanker suffered a drone attack in the Black Sea that prompted it to request Turkish coastguard assistance and divert from its course, according to a notice by Lloyd's List Intelligence and a separate maritime security source on Thursday.Maritime data specialist Lloyd's List Intelligence said the Palau-flagged Elbus vessel "experienced an unmanned marine-vehicle and drone attack" on Wednesday targeting its engine room, and that no injuries were reported among the 25 crew, nor any pollution.The security source described it as a drone attack, based on an assessment.
US Seizes Russian-Flagged Oil Tanker After Two-Week Pursuit
The U.S. seized a Russian-flagged oil tanker that was being shadowed by a Russian submarine on Wednesday, after pursuing it for more than two weeks across the Atlantic as part of Washington's efforts to block Venezuelan oil exports, U.S. officials said.It appeared to be the first time in recent memory that the U.S. military has seized a Russian-flagged vessel.The Marinera, originally known as the Bella-1, had previously slipped through a U.S. maritime blockade of sanctioned tankers in the Caribbean and rebuffed U.S. Coast Guard efforts to board it.
Russia: US Seizure of Oil Tanker is Piracy
Russia said on Wednesday that the U.S. seizure of a Russian-flagged oil tanker in the Atlantic was a violation of maritime law, and a senior lawmaker described it as "outright piracy".Russia's Transport Ministry said contact with the vessel, the Marinera, had been lost after U.S. naval forces boarded it near Iceland as part of efforts to block oil exports from Venezuela."In accordance with the 1982 U.N. Convention on the Law of the Sea, freedom of navigation applies in the high seas…
US Moves to Seize Russian-Flagged, Venezuela-Linked Tanker after Atlantic Pursuit
The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit across the Atlantic and as a Russian submarine and warship were close by, two U.S. officials told Reuters on Wednesday.The seizure, which could stoke tensions with Russia, came after the tanker, originally known as the Bella-1, slipped through a U.S. maritime "blockade" of sanctioned tankers and rebuffed U.S. Coast Guard efforts to board it.The officials…
China Received LNG Shipments from Sanctioned Russian Projects
China received 22 shipments of liquefied natural gas (LNG) last year from two export projects in Russia sanctioned by the United States and European Union, shiptracking data showed.One shipment was from Portovaya and the rest were from the Arctic LNG 2 project, showed data from Kpler and LSEG.The U.S. and EU have sanctioned the projects to curb revenue reaching Russia following its invasion of Ukraine.Chinese state-owned China National Petroleum Corp (CNPC) and China National…