News Headlines:
Oil prices pare earlier gains amid worries over COVID case spike (Reuters)
Oil prices were mixed on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were offset by worries over slowing global fuel demand amid a spike in the Delta variant of coronavirus infections.
US imposes sanctions on Omani oil broker and VLCC for Iranian oil smuggling (Splash247)
The US Treasury Department is imposing sanctions on an Omani oil trader and a crude oil tanker accused of supporting the Quds Force of Iran’s Islamic Revolutionary Guard Corps (IRGC). Treasury targeted Omani national Mahmood Rashid Amur Al Habsi and businesses in Oman, Liberia, and Romania involved in the international smuggling of Iran’s oil.
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Tankers Daily Report 17.08.2021
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