Venezuela developments alter tanker market dynamics

Re-marketing of Venezuelan crude drives structural change in tanker supply Developments in Venezuela are reshaping global tanker dynamics following the US-led seizure and re-marketing of the country’s oil exports. Commodities traders Vitol and Trafigura have reportedly received authorisation to begin marketing Venezuelan crude, with early discussions underway with buyers in China, India, and the United […]

Iran unrest impacts oil markets

Rising geopolitical risk skews sentiment to the upside Geopolitical tensions surrounding Iran continue to intensify, with President Trump signalling a tougher stance toward the capital Tehran, including a proposed 25% tariff on goods from countries “doing business” with Iran. While there are no confirmed disruptions to Iranian crude exports at this stage, the rhetoric has […]