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Essential maritime and offshore news, insights, and updates delivered day by day straight to your inbox Treasury officials say the goal is to chop off revenue streams tied to sanctioned oil exports and to boost the risks for insurers, merchants, and repair providers that proceed to support shadow-fleet operations. In Accordance to maritime intelligence agency TankerTrackers.com, the vessel departed Venezuela on January three operating under the alias Cape Balder and partially laden with crude oil. U.S. forces have intercepted and boarded the sanctioned crude oil tanker Aquila II in the Indian Ocean, bringing to an in depth a weeks-long pursuit that started in the Caribbean and spanned more than 10,000 nautical miles. The TOI Business Desk is a vigilant and dedicated group of journalists dedicated to delivering the newest and most related business news from all over the world to readers of The Instances of India.
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Indo-Pacific Command’s space of accountability, marks one of the longest maritime enforcement actions tied to Washington’s increasing crackdown on Russia and Venezuela’s shadow fleet. Uzbek Grandmaster Nodirbek Abdusattorov claimed the title after defeating Indian star Arjun Erigaisi in the ultimate spherical. A consolidation amongst Chinese carmakers is flooding markets from São Paulo to Dubai. “The scaremongering has some benefit, and not every tech providers agency will survive,” Joshi stated.
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Vitol and Trafigura were granted U.S. licences to promote Venezuelan oil following final month’s U.S. army operation to seize President Nicolas Maduro. IOC earlier processed Merey crude at its Paradip refinery in Odisha. In January, HPCL had indicated it was seeking Venezuelan crude for its 300,000 barrels-per-day refinery in Visakhapatnam, Andhra Pradesh, which was just lately upgraded to handle heavier grades. IOC, the country’s largest refiner, had beforehand processed Venezuelan oil in 2024, based on knowledge compiled by Reuters.