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Iran warns US against recapturing oil tanker as it leaves Gibraltar

4 hours ago DieselGasoil Comments Off on Iran warns US against recapturing oil tanker as it leaves Gibraltar
An Iranian oil tanker detained off Gibraltar early last month left the British territory and was headed through the Mediterranean towards Greece on Monday. Tehran warned any attempt by the US to seize the Adrian Darya 1 again would be met with “heavy consequences”. The vessel, previously known as the Grace 1, left anchorage off Read More

US plans to send nuclear reactors to space

7 hours ago DieselGasoil Comments Off on US plans to send nuclear reactors to space
Despite the nuclear industry stumbling in the domestic United States, the country is looking to put nuclear reactors on Mars and the Moon. While the nuclear energy industry is struggling to stay afloat in the United States, bogged down by public and political mistrust, crushing nuclear waste-maintenance costs, and a market flooded by cheap natural gas, Read More

Oil tanker at centre of US power struggle departs Gibraltar

13 hours ago DieselGasoil Comments Off on Oil tanker at centre of US power struggle departs Gibraltar
The Iranian oil tanker which has been detained off Gibraltar since early last month is now departing the British territory. The Adrian Darya 1, previously known as the Grace 1, left anchorage off the British territory at around 11pm local time, Refinitiv shipping data showed. The tanker slowly steered southeast toward a narrow stretch of Read More

Iranian tanker leaves Gibraltar despite US demands to seize it

16 hours ago DieselGasoil Comments Off on Iranian tanker leaves Gibraltar despite US demands to seize it
Published time: 18 Aug, 2019 22:08 Edited time: 18 Aug, 2019 22:55 Follow RT on The Iranian oil tanker Grace 1, freshly released by Gibraltar and renamed Adrian Darya 1, has reportedly set sail, maritime tracking data shows. It comes after a last-minute US request demanding its seizure was rejected. The tanker left the Gibraltar Read More

American and British naval presence in Gulf brings insecurity – Iranian commander

1 day ago DieselGasoil Comments Off on American and British naval presence in Gulf brings insecurity – Iranian commander
American and British military posturing in the Persian Gulf undermines regional security, the head of the Iranian Revolutionary Guard’s navy said. His warning comes as Gibraltar releases an Iranian tanker seized there by the UK. “The presence of America and England in this region means insecurity,” Alireza Tangsiri cautioned on Sunday, according to Iranian media. Read More

China prepares its ‘nuclear option’ in trade war

2 days ago DieselGasoil Comments Off on China prepares its ‘nuclear option’ in trade war
As the trade war continues to escalate, China is becoming increasingly active in Iran and is considering retaliating with what has long been described as the country’s ‘nuclear option’. For the first of these projects – Phase 11 of the supergiant South Pars non-associated gas field (SP11) – last week saw a statement from the chief executive Read More

Over a barrel: Trump’s oil sanctions make Russian crude exporters $1 billion richer

3 days ago DieselGasoil Comments Off on Over a barrel: Trump’s oil sanctions make Russian crude exporters $1 billion richer
US economic pressure on Iran and Venezuela has deprived world oil markets of two large exporters. However, this gap has been filled by Russian supplies, earning its oil firms at least $905 million in cash, according to Bloomberg. The demand for Russian crude has also been boosted by the output cuts imposed by the Organization Read More

Weight of history: Chongqing Steel and China’s state sector dilemma

3 days ago DieselGasoil Comments Off on Weight of history: Chongqing Steel and China’s state sector dilemma
CHONGQING, China (Reuters) – A year and a half ago, Chongqing Iron and Steel Corp (CISC) (601005.SS)(1053.HK), China’s oldest steelmaker, was rescued from the brink of bankruptcy in a deal hailed as a shining example of how struggling state companies can be revamped. A worker walks past steel rolls at the Chongqing Iron and Steel Read More

Feature: IMO 2020 preparations and their impacts on US exports

3 days ago DieselGasoil Comments Off on Feature: IMO 2020 preparations and their impacts on US exports
Houston — Ahead of IMO 2020, shipowners are increasingly taking ships off the water for scrubber installations, reducing tonnage availability in the Americas and supporting expectations that freight will firm in the coming months, impacting US export competitiveness. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now On January 1, Read More

Iran oil tanker released by Gibraltar, setting up race with the U.S.

4 days ago DieselGasoil Comments Off on Iran oil tanker released by Gibraltar, setting up race with the U.S.
By Jonathan Browning on 8/15/2019 GIBRALTAR (Bloomberg) – Iran is racing to return an oil supertanker to international waters after a Gibraltar judge said he couldn’t wait for the U.S. to take action that would prolong the six-week seizure of the vessel for allegedly violating trade sanctions. The ship, the Grace 1, had been held Read More