MNI BRIEF: Canada PM Carney Derides Trump's 51st State Idea

MNI BRIEF: Carney Sworn In As PM, Names Champagne To Finance

MNI China Daily Summary: Friday, March 14

MNI BRIEF: China February M2 Stays At 7% Y/Y

RPT-MNI INTERVIEW2: Lag Justifies Faster CNB Easing - Holub

BAKER HUGHES CANADA RIG COUNT 199; OIL RIGS 139; GAS RIGS 60

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 487; GAS RIGS 100

EZ/UK T-Bill Calendar: DE, NL and FR Due Monday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: VLCC to China Shows Russian Sanctions Workaround

OIL
BulletEnergy BulletsCommodities

The VLCC Daban is reported to be carrying Russian crude it received via a ship-to-ship transfer from sanctioned Russian tankers Bloomberg tracking shows.

  • It is carrying the cargo to the Chinese port of Yangzhou.
  • The Sokol crude it is carrying was received from sanctioned Russian shuttle tankers linked to Sakhalin-1.
  • This particular VLCC, which is not sanctioned, previously worked in Iranian trade.
  • The oil markets are trying to assess how restrictive the sanctions will be on Russian crude movements. They are down substantially short term but workarounds such as above are expected to develop. 
90 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The VLCC Daban is reported to be carrying Russian crude it received via a ship-to-ship transfer from sanctioned Russian tankers Bloomberg tracking shows.

  • It is carrying the cargo to the Chinese port of Yangzhou.
  • The Sokol crude it is carrying was received from sanctioned Russian shuttle tankers linked to Sakhalin-1.
  • This particular VLCC, which is not sanctioned, previously worked in Iranian trade.
  • The oil markets are trying to assess how restrictive the sanctions will be on Russian crude movements. They are down substantially short term but workarounds such as above are expected to develop.