China's crude oil imports from its biggest supplier, Russia, were 10.07 million tons in March, or 2.37 million barrels per day, up 14% year-on-year, according to customs data published on Saturday. * Imports from Brazil surged 154% to 5.03 million tons in March, or 1.18 million barrels per day. * Imports from China's second-biggest supplier, Saudi Arabia, were 5.86 million tons in March, or 1.38 million bpd, down 31% from the same period last year. * Imports from Malaysia, the largest [Read more]
News
Oil claws back losses as Strait of Hormuz is closed again
Oil prices rebounded more than 6% on Monday after tumbling more than 9% on Friday on news the Strait of Hormuz is closed again after both the U.S. and Iran said the other party had violated their ceasefire deal by attacking ships over the weekend. Brent crude futures jumped $6.11, or 6.76%, to $96.49 a barrel by 2327 GMT and U.S. West Texas Intermediate was at $90.38 a barrel, up $6.53, or 7.79%. The U.S. military had seized an Iranian cargo ship that tried to run its blockade, U.S. [Read more]
More than 20 vessels pass Strait of Hormuz on Saturday, Kpler data shows
More than 20 vessels passed the Strait of Hormuz on Saturday, data from shipping analytics firm Kpler showed, the highest number of ships crossing the waterway since March 1. * Among the vessels that made it through on Saturday, five of them last loaded cargoes from Iran ranging from oil products to metals. Three of them are liquefied petroleum gas carriers with one each heading to China and India. * Panama-flagged tanker Crave, carrying LPG from the United Arab Emirates, is heading to [Read more]
Iran accuses US of ceasefire breach, vows retaliation over attack on ship
Iran's top joint military command, Khatam al-Anbiya, accused the U.S. of violating a ceasefire by firing at one of Iran's commercial ships in the Gulf of Oman, vowing to retaliate. State media quoted a Khatam al-Anbiya spokesperson as saying early on Monday that the vessel was en route from China to Iran. "We warn that the armed forces of the Islamic Republic of Iran will soon respond and retaliate against this armed piracy by the U.S. military," the spokesperson said. (Reporting by [Read more]
Iran prevents two tankers from transiting Strait of Hormuz, Tasnim reports
Iran’s armed forces turned back two tankers attempting to transit the Strait of Hormuz on Sunday after issuing warnings, semi-official Tasnim news agency reported, saying this came as a result of the continuing U.S. maritime blockade on Iran. The vessels, sailing under the flags of Botswana and Angola, were forced to change course after what the report described as “unauthorised transit” through the strategic waterway. (Reporting by Dubai Newsroom Editing by Peter Graff) [Read more]
Trump, Iran cite progress in talks as uncertainty hangs over Strait
* Tehran says gaps remain over nuclear issues, Strait of Hormuz * Trump cites 'very good conversations' * Iran reimposes Strait of Hormuz closure * Shipping remains uncertain after vessels report gunfire By Trevor Hunnicutt, Ariba Shahid and Muhammad Al Gebaly WASHINGTON/ISLAMABAD, April 19 - Iran's top negotiator said recent talks with the U.S. had made progress but gaps remained over nuclear issues and the Strait of Hormuz, while President Donald Trump cited "very good conversations" with [Read more]
Five loaded Qatari LNG vessels approach the Strait of Hormuz, ship-tracking data shows
Five vessels loaded with liquefied natural gas (LNG) from Ras Laffan, Qatar, are approaching the Strait of Hormuz, ship-tracking data showed on Saturday. If the vessels successfully crossed the strait, it would be the first transit of LNG cargoes through the waterway since the U.S.-Israel war with Iran began on February 28. On Friday, Iran reopened the strait, which before the war carried a fifth of the world's LNG trade, following a separate U.S.-brokered ceasefire agreement on Thursday [Read more]
Iraq says oil exports to resume from all fields within days, state news agency
Iraq's oil ministry said oil exports would resume from all fields within the next few days, the Iraqi state news agency INA reported on Saturday. Four energy sources said that Iraq resumed southern oil exports on Friday after a halt of more than a month caused by disruptions to shipping through the Strait of Hormuz, with one tanker beginning to load crude. (Reporting by Enas Alashray; Editing by Louise Heavens) [Read more]
Convoy of tankers is seen crossing Strait of Hormuz, vessel tracking data shows
A convoy of eight tankers was crossing the Strait of Hormuz on Saturday, data showed, as some ship owners said they hoped Tehran would allow them to leave the Gulf during a short ceasefire window in the Iran war. The group - comprising one very large crude oil carrier (VLCC), several oil product and chemical tankers and liquefied petroleum gas (LPG) carriers - was passing through Iranian waters south of Larak island, according to MarineTraffic data. More tankers were seen following from the [Read more]
Federal government puts timeline in place for Port of Churchill project: Kinew
WINNIPEG - Manitoba Premier Wab Kinew says Ottawa has hinted that it wants liquified natural gas shipping out of Churchill by 2030 or federal support for an expansion of a port in the community could be off the table. Kinew met with Prime Minister Mark Carney this week in Ottawa to discuss, among other things, a plan to expand the Port of Churchill as part of a trade corridor through northern Manitoba. The premier says Carney presented an "aggressive" timeline of getting LNG flowing out of [Read more]
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