A tanker with nearly 40,000 tons of Russian diesel is due in New York on Nov. 7 under Treasury's new license, but a 2022 law bans the imports, and customs penalties can be pursued for five years after arrival. #RussianDiesel#Sanctions#Oil
UBS data shows Russian crude exports remain only about 10% below pre-war levels despite the EU embargo and G7 price cap, with China, India and Turkey now taking 77% of shipments, up from 29% before the war. #Oil#Russia#Sanctions#Crude
Tankers once used to ship sanctioned Venezuelan crude are now exporting oil from the Persian Gulf after being delisted. Two VLCCs already work the Gulf and two more are en route from South America, Bloomberg reports. #Oil#Tankers#Sanctions
Polar LNG's top executives have all resigned just six months after launch, amid alleged funding and control by Russia's Novatek. The startup plans an LNG project on Alaska's North Slope aimed at Asia. #LNG#Alaska#Novatek#Sanctions
Russian refiners are lifting diesel output toward 180,000 tons a day after Moscow issued export quotas under its supply deal with the US. The first cargo left Primorsk Oct 23 and is due in New York Nov 7. #Diesel#Russia#Oil#Sanctions
