Economic & Commercial Maritime Energy Rivalry - Urals Oil Russia’s Urals oil is used as a reference brand for pricing of export oil mixture with the other main reference brand being Brent. It comprises a mix of heavy sour oil of Urals and the Volga Region blended with light oil of Western Siberia Urals crude
Green Hype in the Desert & Women Empowerment Despite decades of hype and hopes for a move towards green energy fossil fuels account for more then 90 % of transportation of people and goods for trade. The phenomenal growth in shale oil production in Canada and the US continue to shake Middle Eastern and OPEC
LNG Carrier Survives Collision A bulk carrier of 35,400 dwt collided with a 162,000 cbm and 289 meters long LNG tanker off Gibraltar last August .The LNG vessel is owned by an Omani company and flagged in the Marshall Island.The bulk carrier was beached on a sandy seabed at 17 m depth .The damage caused
Russian Crude at Discount With the increase in ocean borne trade and vessels the incidents of blasts and spills have correspondingly increased at ports and coasts. Although the maritime sector is relatively regulated rising costs of insurance of ships lets inspections and survey of ships worthiness slip in some jurisdictions. The shipping sector has witnessed
OFAC has now published its formal guidance on the price cap sanctions for Russian oil entering into force on December 5, 2022. The price cap policy is intended to maintain a reliable supply of oil to the global markets while reducing the revenues the Russian Federation earns from its oil after the conflict in Ukraine inflated
Japan’s Murasame-class 495-foot long destroyer , with 190 sailors aboard , struck a rock off the coast of Japan disabling the ship and spilling oil
