Seatrade Maritime News: Tanker owners face stormy seas amid sanctions and tariff disruption

August 4, 2025 Meanwhile, the EU’s sanctions package and its move to sanction India’s Nagara Energy, part Russian-owned, is putting further strain on India’s crude oil import programme. Meanwhile, New York broker Poten & Partners has pointed out another uncertainty. Canada is currently the dominant supplier of heavy crude oil to the US. This follows a decline in Mexico’s production and poor US relations with Venezuela. Poten noted that Canadian crude exports have been shipped mostly in Aframax tankers. However, an estimated 200,000 barrels per day of Canadian oil has been routed via the US Gulf to China using VLCCs.

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