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The Swedish Coast Guard has detained the tanker Flora 1, part of Russia’s so-called “shadow fleet,” on suspicion of causing… READ MORE
The Swedish Coast Guard has detained the tanker Flora 1, part of Russia’s so-called “shadow fleet,” on suspicion of causing an oil spill in the Baltic Sea east of Gotland Island, the agency’s press service reported on Friday, April 3. This is the first such case in the region where a vessel has been detained…
The UK government has announced that British military forces will now have the authority to detain vessels in the country’s territorial waters that are under sanctions and are part of Russia’s “shadow fleet.” “British military personnel will be able to board ships from the ‘shadow fleet’ transiting through UK territorial waters, as Britain increases pressure…
The global oil market is actively discussing a newly formed trading structure allegedly set up by former employees of Litasco, the trading arm of Lukoil. According to multiple industry insiders, the new entity is expected to exclusively trade Lukoil crude and oil products, effectively replacing Litasco’s role following its decline. However, the key concern is…
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