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Western Governments Work With Turkey To Resolve Tanker Queues

OIL

British, US and EU officials are in talks with Turkish counterparts to resolve oil tanker queues off the Turkish straits, the Telegraph newspaper reported.

  • The UK, the US and EU were working with Turkey and the shipping services industry to resolve the issue, adding there was no reason for ships to be denied access to the Bosphorus Straits.
  • At least 20 oil tankers continue to face delays to cross from Russia's Black Sea ports to the Mediterranean since 6 Dec, as operators race to adhere to new Turkish insurance rules rolled out earlier in the month.
  • While western governments and Turkey are looking to resolve the tanker queues, Kazakhstan’s energy minister said, “it’s a normal waiting time for the winter season, last year the waiting time in December was some 14 days.”
Energy BulletsCommodities
Energy BulletsCommodities

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