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[posting]63701344[/posting]US Headed For Another 'Tanker War' With Iran - This Time Off Venezuela's Coast

by Tyler Durden
Sun, 05/17/2020 - 21:50


Iranian state TV has announced at least five least five Iranian-flagged tankers are transporting fuel to Venezuela through the Atlantic Ocean and plan to break the American blockade on the Latin American country.

Iran has warned that any US attempt at intercepting its fuel tankers "would have serious repercussions for the Trump administration ahead of the November elections."

State-funded PressTV underscores that "Iran is shipping tons of gasoline to Venezuela in defiance of US sanctions on both countries in a symbolic move guaranteed by Tehran’s missile prowess." ...


State media has further emphasized that the Iranian fuel tankers will not attempt to conceal their presence or mission: "Iran has intentionally hoisted its own flag over the huge tankers which are navigating through the Atlantic before the eyes of the US Navy," according to the report.

Reuters has also reported that US defense officials are planning a potential response: ...

https://www.zerohedge.com/geopolitical/us-headed-another-tan…


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A Record Fleet Of 117 Tankers Is Bringing Super Cheap Crude To China

by Tyler Durden
Mon, 05/18/2020 - 06:00

Authored by Tsvetana Paraskova via OilPrice.com,


While the rest of the world is tentatively coming out of lockdowns, China is taking advantage of the cheapest crude oil in years to stock up as demand is starting to return in the world’s largest oil importer, Bloomberg reported on Friday, citing tanker-tracking data it has compiled.

At present, a total of 117 very large crude carriers (VLCCs) – each capable of shipping 2 million barrels of oil – are traveling to China for unloading at its ports between the middle of May and the middle of August. If those supertankers transport standard-size crude oil cargoes, it could mean that China expects at least 230 million barrels of oil over the next three months, according to Bloomberg. The fleet en route to China could be the largest number of supertankers traveling to the world’s top oil importer at one time, ever, Bloomberg News’ Firat Kayakiran says. ...

https://www.zerohedge.com/energy/record-fleet-117-tankers-br…

https://www.zerohedge.com/markets/oil-soars-prompt-wti-conta…
 
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Autor (Datum des Eintrages): teecee1  (18.05.20 16:29:37)
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