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Bousso: US and China are the key to containing an oil shock in the Middle East

Posted to Maritime Reporter on February 24, 2026

A major military conflict between the U.S., Iran and other Middle Eastern countries could cause a disruption of oil supplies in the region. It could be that the vast oil reserves held by both the U.S.A. and China are crucial in controlling it.

Bousso: US and China are the key to containing an oil shock in the Middle East

Posted to Maritime Reporter on February 24, 2026

A major military conflict between the U.S., Iran and other countries could cause a disruption of Middle East oil supply. It could be that the vast oil reserves held by the U.S. or China are crucial in controlling it. As the American military builds up in the region…

EU's Costa urges Hungary’s Orban respect 90 bln Euro loan deal for Ukraine in letter

Posted to Maritime Reporter on February 24, 2026

Antonio Costa, the President of the European Council on Monday, urged Hungarian Prime Minister Viktor Orban 'to honour a 'deal for a 90-billion euro loan ($106.11billion) to Ukraine. Budapest had said that it would 'block the plan unless Russian…

The Russian seaborne oil exports may drop by 10% in February

Posted to Maritime Reporter on February 20, 2026

Unplanned refinery shutdowns and bad weather at key ports slowed fuel loadings. This is according to data from LSEG and market sources. According to industry sources and calculations, the total exports of oil-based products from Russian ports in January was 9.12 million metric tonnes.

Danish authorities seize Iranian-flagged vessel due to registration concerns

Posted to Maritime Reporter on February 20, 2026

Denmark's maritime authority said?on Thursday that they had detained and examined a container ship with an Iranian flag anchored in Danish waters because it was not properly registred. According to LSEG, the ship was originally sailing under a Comoros 'flag.

Data shows that the discount for Russia's Urals Crude Oil is at its deepest level since 2023.

Posted to Maritime Reporter on February 20, 2026

Data shows that the world's benchmark Brent crude oil is being sold at the lowest price in three years from the Baltic ports of Russia. Discounts are important, as they result from sanctions that the West imposed against Russia for the "war" in Ukraine.

Russell assumes that there will be no disruption in the supply of crude oil from Iran.

Posted to Maritime Reporter on February 20, 2026

According to daily headlines, the?premium built into crude oil prices due to tensions between Iran and the United States fluctuates. But there is a underlying assumption that all will be well. Brent crude oil futures closed at $70.35 per barrel, a 4.4% increase.

Kommersant reports that the discount for Russia's Urals has risen to $28 in Baltic countries - its highest level since 2023.

Posted to Maritime Reporter on February 20, 2026

The 'discount on Brent' for Russia’s flagship Urals oil blending in the Baltic Sea, reported the Kommersant paper citing Argus data, has widened up to $28 a barrel. This is the highest level since a peak -in April 2023. The federal budget has…

Lavrov, the Russian Foreign Minister, tells Cuban Minister that the US should not blockade Cuba by naval force but instead negotiate.

Posted to Maritime Reporter on February 18, 2026

On Wednesday, Sergei Lavrov, the Russian Foreign Minister, told Bruno Rodriguez his Cuban counterpart that Moscow was urging the U.S. to not impose a complete naval blockade against the communist-run Island and instead advocated negotiations.

Interfax reports that oil production at the giant Tengiz Field in Kazakhstan has gradually increased after an outage.

Posted to Maritime Reporter on February 18, 2026

The Tengizchevroil group, which operates the giant Tengiz oil field, reported to Interfax on Tuesday that the oil?production is gradually increasing after a'suspension' in January. Tengiz - which accounts for 40% of Kazakhstan's total oil production…

Russell assumes that there will be no disruption in the supply of crude oil from Iran.

Posted to Maritime Reporter on February 18, 2026

There is a premium built into crude oil prices due to tensions between Iran and the United States. The headlines fluctuate daily, but there's an assumption that all will be well. Brent futures, the global benchmark, rose 4.4% to $70.35 per barrel on Wednesday.

Bousso

Posted to Maritime Reporter on February 18, 2026

This month, China marks one year since its last import of liquefied gas from the U.S. in the midst of a heated trade war between two world's largest economies. Chinese companies have purchased U.S. LNG from American producers under long-term contracts.

Source: India seizes 3 Iranian-linked US sanctioned tankers

Posted to Maritime Reporter on February 16, 2026

Sources confirmed that India had seized three U.S. sanctioned 'oil tankers' linked to Iran this month, and increased surveillance in its maritime zone in order to stop illicit trade. This confirms a post made by Indian authorities on X earlier in February, which was deleted.

India steps up surveillance after seizing Iranian-linked US sanctioned tankers

Posted to Maritime Reporter on February 16, 2026

India has taken three U.S. sanctioned tanker ships linked to Iran this month, and increased surveillance in its maritime zone to stop illicit trade. A source with first-hand knowledge of the issue said that on Monday. The source said that India…

North Korea's New Congress will reset its arms goals after noticing gaps in the 2021 plan

Posted to Maritime Reporter on February 16, 2026

North Korea will unveil new weapons development goals this month at its Ninth Party Congress, amid assessments that Pyongyang only checked off part of the sweeping list that Kim Jong Un aimed for at his 2021 Congress. Analysts say that while nuclear weapons and missiles remain central to Kim's plan…

One dead, six injured in Russian air strike on port in Odesa region of Ukraine, deputy PM states

Posted to Maritime Reporter on February 14, 2026

Oleksiy Kulba, Ukraine's deputy prime minister, said that a 'Russian drone' attack had killed one person and injured six others at a port in the Odesa region of Ukraine on the Black Sea. Kuleba stated that the infrastructure of a business was?damaged.

Sources say that the Volgograd oil refinery in Russia has halted processing following a drone attack.

Posted to Maritime Reporter on February 12, 2026

Two industry sources confirmed on Thursday that the Lukoil owned Volgograd refinery in Russia's southern region halted oil processing on Tuesday. This was after a fire broke out following an attack by Ukrainians. In January, peace talks led…

Data shows that Russia's seaborne exports of oil products rose slightly in January m/m.

Posted to Maritime Reporter on February 12, 2026

Data from industry sources showed that Russia's seaborne petroleum products exports for January 2026 increased by 0.7%, compared to December, at 9.12 millions metric tons. This is due to a seasonal decline in domestic demand and high fuel production.

Ukraine grain deliveries in ports have lagged behind last year despite a February increase

Posted to Maritime Reporter on February 12, 2026

Ukrzaliznytsia, the state-owned railway company, said 'on Thursday that grain shipments into Ukrainian ports have remained below 'last year levels despite an increase since?February. Analysts and officials say that the Russian attacks on Ukrainian ports…

Primorsk's diesel exports may drop by 17% this February.

Posted to Maritime Reporter on February 11, 2026

Data from traders, LSEG, and calculations on Wednesday showed that ultra-low-sulphur fuel loadings at the 'Russian port Primorsk' may fall by 17% in February compared to last month, due to a 'lower fuel production and harsh Baltic weather, which disrupts supplies.