Two Russian Urals Tankers Divert 14 Million Barrels to Indian Ports [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
reported , as Asia grapples with an oil supply crunch amid the Strait of Hormuz traffic freeze. The two vessels are carrying some 1.4 million barrels of Urals and are expected to arrive at their new destinations by the end of the week, the report said, citing ship-tracking data from Kpler and Vortexa. In fact, one of them, a Suezmax carrying 730,000 barrels of Urals, has already arrived at a port on India's east coast. The other, an Aframax with a cargo of 700,000 barrels, is seen arriving at Vadinar, on India's west coast, today. Earlier this week, Bloomberg again reported that India was considering returning to buying Russian crude amassed in floating storage in Asia as the war in Iran and Tehran's retaliatory strikes in the region have severely disrupted oil flows from the Middle East. The state-held refiners of India, the world's third-largest oil importer, and Indian government officials met over the weekend to discuss emergency supply plans following the major escalation i
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News
- BCX: Commodity Producers Bring Appeal During Geopolitical Uncertainty [Seeking Alpha]Seeking Alpha
- Dozens of Asia-Flagged Oil Tankers Stranded near Strait of Hormuz [Yahoo! Finance]Yahoo! Finance
- Exxon Ships U.S. Gasoline to Australia [Yahoo! Finance]Yahoo! Finance
- Oil Jumps $10 as Middle East War Drives $4 Billion Into Energy ETF [Yahoo! Finance]Yahoo! Finance
- Cramer says the oil market is signaling the Iran war won't spiral — and that's bullish for stocks [CNBC]CNBC
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