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July 31, 2024
The Chinese rebuked Ottawa for the exercise, saying it undermined the peace. The Canadian defense ministry announced that the HMCS Montreal had recently conducted a routine passage through the strait. According to the minister of defence, this…
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July 30, 2024
According to market data and LSEG on Tuesday, Russian shipping company Sovcomflot began transporting Urals crude to Asia this year via the Northern Sea Route. Melting ice has opened the Arctic transit route to transit shipments. Russia is looking for alternative routes from western ports to Asia…
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July 23, 2024
India has increased its purchases of Russia’s Far East ESPO blend oil for arrival in June and July, as China, a major buyer of this grade, purchased less. This was confirmed by two sources who are involved in the Russian crude oil trade and LSEG data.
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July 11, 2024
A senior U.S. official announced that the U.S. will be forming a consortium with Canada and Finland to build icebreakers. This move is intended to boost shipbuilding among allies and to counter Russia and China's increasing influence in strategic polar regions.
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July 3, 2024
Two sources familiar with the operations of the company said that Russia's Sakhalin-2 Project has been suspending its oil production since June due to planned maintenance and repairs on its LNG plant. Sources claim that the maintenance of the…