Latest news with #RussianBaltic
The Star
08-08-2025
- Business
- The Star
Russia ships first naphtha cargo to Vietnam, data shows
MOSCOW/SINGAPORE: Russia has shipped its first naphtha cargo to Vietnam, as it looks for new buyers to support sales hit by Western sanctions, data from traders and shipbrokers showed. According to LSEG and Vortexa shipping data, the Malta-flagged tanker Northernlight loaded around 60,000 metric tonnes of naphtha in the Russian Baltic port of Vysotsk on June, 23 and delivered its cargo at Van Phong terminal in Vietnam's Khanh Hoa province. Nguyen Tran Trung, CEO of Van Phong terminal, on Friday (Aug 8) confirmed the arrival of the cargo, and said owner of the cargo has since shipped the naphtha out of Vietnam. "We are operating as a customs warehouse and the cargo is not imported into Vietnam," Trung told Reuters in a telephone call. He declined to provide the next destination of the cargo or the name of the owner of the cargo. The tanker discharged up to 27,000 tonnes of naphtha at Khanh Hoa, one of the sources said, adding that the terminal mostly consists of bonded storage tanks. According to LSEG and Vortexa data, after the Vietnam stop the Northernlight is heading to Chinese port of Dalian to discharge the rest of its cargo. At least 15,000 tonnes of the petrochemical feedstock is heading there, one shipbroking source said. Since the European Union's full embargo on Russian oil products went into effect in February 2023, countries in the Middle East and Asia have become the main destinations for Russia's naphtha supplies. Naphtha is a primary feedstock in the petrochemical industry for producing olefins and aromatics, which are then used to manufacture a wide array of products, including plastics, synthetics, and various other chemicals, and also used for gasoline blending. Russia doesn't supply oil to Vietnam, despite active cooperation in the oil industry between state companies. The only test supply was back in 2015, when a cargo of ESPO was shipped to Dung Quat refinery. - Reuters
Time of India
06-05-2025
- Business
- Time of India
Russian Urals oil prices stay below the Western price cap, data shows, ET EnergyWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Moscow: Urals oil loaded in the Russian Baltic and the Black Sea's Novorossiisk ports has traded below the price cap set by Western countries since April 3, Reuters calculations based on LSEG data price cap introduced by the Group of Seven (G7) countries does not allow Western companies to provide insurance and transportation services for Russian oil cargoes sold at more than $60 per most of last year, Urals traded above the price cap, but as international oil benchmark prices have fallen this year, Urals estimates dropped below $60 per Brent was trading around $61 a barrel on Tuesday, far from a peak above $80 a barrel hit early this year, as concerns about global economic weakness and increased output from OPEC+ have driven a estimated price of Urals on a FOB Primorsk and Ust-Luga basis fell to an average of $53 per barrel in April from an average of $60.5 per barrel in January-March, the data showed. The cost of the grade on a FOB Novorossiisk basis fell to $53.5 on average in April from $61.5 on average in the first quarter of this to Reuters calculations, on Tuesday, Urals oil shipped from Russian Baltic ports on a FOB basis was valued at $49.6 per barrel. At the same time, cargoes loading from the Black Sea Novorossiisk were estimated at $49.8 per stabilisation of Urals below the price cap, has led some Greek shipowners to return to the market. (Reporting by Reuters; editing by Barbara Lewis)
Reuters
27-03-2025
- Business
- Reuters
Bolivia expects five fuel cargoes through Chile by April 4, YPFB says
March 27 (Reuters) - Bolivia's state-run energy company YPFB expects to receive a total of five diesel and gasoline cargoes through Chile by April 4, including three to be imported from Houston, the company said on Thursday. YPFB confirmed the origin of the cargoes to Reuters on Thursday, in response to LSEG shipping data showing that several tankers have loaded in recent months at the Russian Baltic ports of Vysotsk and Primorsk signaling the Chilean port of Arica as the point of discharge. A spokesperson for YPFB was unable to confirm the origin of the two other cargoes due to arrive in Arica. Landlocked Bolivia relies on regional ports for its diesel and gasoline supplies.
