US Says Ukraine to Avoid Targeting Tankers, Oil Site
Kyiv will share safe-passage instructions as the deal aims to protect Kazakhstan’s crude exports and reduce disruptions that are expected to cut CPC Blend shipments by a third.
- Ukraine agreed to refrain from targeting non-Russian oil tankers and Caspian Pipeline Consortium infrastructure in the Black Sea following US intervention, protecting vessels not subject to Ukrainian sanctions carrying non-Russian cargo.
- Drone strikes near Novorossiysk throughout July halted loadings at the CPC terminal, disrupting exports of Kazakh crude that normally account for about 2 per cent of global supplies and forcing Kazakhstan to throttle production.
- Heavy lobbying from the US oil industry, including Chevron, prompted the diplomatic push. To facilitate the arrangement, Kyiv established dedicated contact points to exchange information with commercial carriers and provide safe passage instructions.
- Earnings for tankers taking oil to the Mediterranean reached a record $400,000 per day on August 7, reflecting heightened risk. While operations resumed, volumes remain below normal levels due to lingering shipper fear.
- Global oil prices exceeding $100 per barrel have heightened US concern over energy stability. Washington views this route as a vital alternative to Russian energy, particularly ahead of the November midterm elections.
46 Articles
46 Articles
Ukraine halts strikes on oil tankers using Russian Black Sea port: Report
Citing Ukrainian officials, other people familiar with issue, Financial Times reports Kyiv halted strikes after request from US vice president during phone call with Ukranian President Zelenskyy late July
The FT has learned details of the US request to Ukraine on the issue of tanker strikesUS Vice President Jay Dee Vance has asked Ukraine to stop strikes on tankers using the Russian port.
Ukraine has suspended drone attacks on oil tankers using the Russian port of Novorosíisk, in the Black Sea, following a request by US Vice President J.D. Vance, as reported by the British daily 'Financial Times' on Wednesday, citing Ukrainian officials. The newspaper indicated that last month’s request came after U.S. concern over the destabilization of the oil markets and the damage Ukraine was causing to U.S. companies by attacking oil tankers…
Ukraine has agreed not to attack the CTC infrastructure or non-Russian vessels unless these vessels are under Ukrainian sanctions and carry Russian oil or other Russian cargo.
They will not target ships other than Russian ones, as long as they are not under Ukrainian sanctions.
Washington was concerned that Ukrainian strikes on tankers carrying Kazakh oil would destabilize the oil market and threaten the interests of American energy giants.
Coverage Details
Bias Distribution
- 48% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
