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Canada's Champagne: Ministers of G7 not'skating' around tariff issue

Posted to Maritime Reporter on May 22, 2025

Francois-Philippe champagne, Canada's finance minister, said that discussions about tariffs were held during the G7 meeting of financial leaders. This was despite the fact that they had been mentioned in the final communiqué. At the conclusion of the meeting…

Official: US not convinced by lower G7 price cap for Russian oil

Posted to Maritime Reporter on May 22, 2025

An official from Europe said that on Thursday, the United States was "not convinced" by the idea of lowering the price cap for Russian crude oil set by the Group of Seven Nations (G7). The European Union proposed lowering the cap to a level indicative of $50 per barrel.

World Bank looks at energy financing options but holds firm on equality issues

Posted to Maritime Reporter on April 25, 2025

The World Bank steering committee endorsed on Friday the lender's plans for exploring options to expand access to energy, including possible financing for nuclear power. This is in line with U.S. President Donald Trump’s directives to increase energy financing.

Canadian Finance Minister: G7 united, but tensions still remain over tariffs

Posted to Maritime Reporter on April 24, 2025

Canada's Francois-Philippe Champagne, Canada's Minister of Finance, said that the Group of Seven Industrial Democracies continues to be united. However tensions remain amongst them over the tariffs imposed by the U.S. Champagne said at a briefing…

Canadian Finance Minister: G7 is united, but tensions still remain over tariffs

Posted to Maritime Reporter on April 24, 2025

Canada's Francois-Philippe champagne, Canada’s Finance Minister said Thursday that the Group of Seven biggest economies remain united but there are tensions between them over the tariffs imposed by the United States. Champagne said at a briefing…

EU tariffs will curb US corn imports; soy is less at risk now

Posted to Maritime Reporter on April 9, 2025

The European Union's counter-tariffs against U.S. products, which will be implemented next week, are expected to stop a large amount of U.S. grain from reaching Europe and increase costs for buyers who want to find alternative sources of feed grain.

US bill creates fund for oil sanctions against Russia's ghost Fleet

Posted to Maritime Reporter on April 9, 2025

Two U.S. Senators, both from the Democratic and Republican parties, introduced legislation on Wednesday that establishes a Fund to enforce sanctions against Russia's so-called "ghost fleet" of oil tankers it relies on in order to avoid Western sanctions due to its war with Ukraine.

Sources say that Black Sea CPC blend oil exports for April were revised down to 1.6 millions bpd.

Posted to Maritime Reporter on April 7, 2025

Two sources reported on Monday that the Black Sea CPC blend oil exports were reduced to 1.6 millions barrels per day (or 6.2 million tons) from 1.7million bpd as outlined in the preliminary plan. Caspian Pipeline Consortium exports Kazakhstan's and Russia's crude oil via the Black Sea.

Kremlin: Dmitriev, Putin's investment representative, may visit Washington

Posted to Maritime Reporter on April 2, 2025

The Kremlin confirmed on Wednesday that a visit by Kirill Dmitriev - the investment envoy of Russian President Vladimir Putin - to the United States to meet with Donald Trump's officials is possible. However, it declined to provide any additional details.

Caspian Pipeline Consortium suspends operations at 2 of 3 mooring points in its sea terminal

Posted to Maritime Reporter on March 31, 2025

The Caspian Pipeline Consortium, which exports Kazakhstan and Russia's crude oil via the Black Sea to Europe, announced Monday that two of the terminal's three moorings points had been halted. CPC, which transports about 1% world oil and is a major route for Kazakhstan oil exports…

Trump will impose a 25% tariff on countries who buy oil and gas from Venezuela

Posted to Maritime Reporter on March 24, 2025

Donald Trump, the U.S. president, said Monday that any country buying oil or gas in Venezuela would be charged a 25% duty on all trades with the United States. The "secondary tariffs" will go into effect on April 2nd, Trump stated in a Truth Social posting.

Russell: Crude oil battle for market share may start in Asia

Posted to Maritime Reporter on March 11, 2025

Saudi Arabia and Russia, the top crude oil exporters in Asia, are boosting their cargoes for the region that is world's largest importer. China, which is the largest oil importer in the world, has emerged as the ground zero of the two exporters…

US crude exports in India reached a 2-year high in February as Russia sanctions bite

Posted to Maritime Reporter on March 6, 2025

Ship tracking data revealed that U.S. crude oil exports to India reached their highest level in two years last month, as refiners sought alternatives to Russian tankers and producers after the U.S. tightened sanctions. Kpler's ship tracking data showed that the U.S.

Key Takeaways From Trump-Putin Talks: Ukraine, Energy, NATO, Sanctions

Posted to Maritime Reporter on February 20, 2025

The first meeting between Russia and the United States since the beginning of the Ukraine conflict was held to restore relations and prepare the ground for a peaceful resolution. What has been discussed so far? UKRAINE WAR Donald Trump, the U.S. president, says that he wants a quick end to the war.

Goldman Sachs does not believe that the ceasefire in Ukraine will boost Russian output

Posted to Maritime Reporter on February 19, 2025

Goldman Sachs stated on Wednesday that a potential ceasefire in Ukraine and the resulting easing of sanctions against Russia is unlikely to increase Russia's crude oil flow. The administration of U.S. president Donald Trump said Tuesday that it had agreed to have more talks with Russia. In Ukraine.

Oman and Australia LNG vessels move west, including one via the Red Sea as Europe increases LNG supply

Posted to Maritime Reporter on February 10, 2025

Shiptracking data revealed on Monday that at least three LNG vessels from Oman and Australia were heading west to deliver the gas, one of which was sailing through the Red Sea. This is because higher prices in Europe are continuing to attract more supplies.

Oman and Australia LNG vessels move west, including one via the Red Sea as Europe increases LNG supply

Posted to Maritime Reporter on February 10, 2025

Shiptracking data revealed on Monday that at least three LNG vessels from Oman and Australia were heading west to deliver the gas, one of which was sailing through the Red Sea. This is because higher prices in Europe are continuing to attract more supplies.

Sources say that the daily Tengiz oil production in Kazakhstan reached a record high at the end of January.

Posted to Maritime Reporter on February 3, 2025

Two industry sources who are familiar with the calculations and data say that the daily output of Kazakhstan's biggest field, Tengiz has reached a new record high in late January. This is a 45% increase from the average for 2024. The Kazakh…

Wall Street Journal, Jan 28,

Posted to Maritime Reporter on January 28, 2025

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. The cryptocurrency exchange KuCoin has pleaded guilty to allegations that it was operating as a money-transmitting company without a license in the U.S.

Sources say that the US is planning to impose more sanctions against tankers transporting Russian oil.

Posted to Maritime Reporter on January 6, 2025

Two sources familiar with the situation said that on Sunday, the Biden administration intends to increase sanctions against Russia for its war in Ukraine. They will target its oil revenues by targeting tankers transporting Russian crude. The…
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