• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 6 hours While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 1 hour Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 46 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 9 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 11 hours China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 2 hours Which producers will shut in first?
  • 9 hours Marine based energy generation
  • 13 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 8 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 9 hours How to Create a Pandemic
  • 10 hours Apple to Bypass Internet and Beam Directly to Phones
  • 1 day TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
Alt Text

The Oil Giant Drowning In Debt

Oil major ExxonMobil has not…

Alt Text

Big Oil Raises Debt To Ride Out Price Crash

As prices crashed, the supermajors…

RFE/RL staff

RFE/RL staff

RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many…

More Info

Premium Content

U.S. Bid To Ban Fuel Shipments To North Korea Fails

Russia and China are blocking a U.S. effort at the United Nations to halt all deliveries of refined oil products to North Korea amid charges that Pyongyang is smuggling fuel into the country, diplomats say.

The move on July 19 by Russia and China came after Washington last week asked a UN Security Council sanctions committee to ban further shipments on the grounds that fuel smuggling has enabled North Korea to already exceed a UN-imposed cap on its fuel imports for the year.

Under a UN sanctions resolution adopted last year, crude oil supplies to North Korea were limited to 4 million barrels per year, with a ceiling of 500,000 barrels put on refined oil products.

The cutoff of fuel has been primarily enforced by China, which supplies North Korea with most of its energy needs, but also Russia, which has delivered some oil to Pyongyang.

The United States last week sent a report to the sanctions committee saying that North Korea had secured at least 759,793 barrels of oil products through ship-to-ship transfers at sea, according to documents seen by AP and AFP.

The smuggling typically involves North Korean tankers siphoning clandestine cargoes of oil in international waters from ships that often switch off their satellite tracking system to prevent any monitoring of their activities.

Media reported that the U.S. documents cite 89 instances in the first half of the year in which North Korean tankers likely delivered refined products "illicitly procured" by such transfers at sea.

The documents say that even if each tanker delivered only one-third of its listed capacity, the total volume Pyongyang obtained through smuggling would be above its 500,000-barrel quota for the year.

But if each tanker were fully loaded with fuel, the amount smuggled would be triple its quota, the U.S. documents said.

In light of North Korea's apparent success at smuggling fuel, the United States argues in its report that any further scheduled deliveries of fuel by China and Russia should "immediately stop."

In putting a hold on the U.S. request that will last for at least six months, China and Russia both demanded more information from the United States. Related: Oil Selloff Gives Trump More Room On Iran

"Russia is closely examining this request and is seeking additional information on every single case of 'illegal' transfer of petroleum to the DPRK claimed by the U.S.," Russia's UN mission said in an e-mail to council members.

"We also request the U.S. side to provide additional factual information to facilitate all states to study and make judgment," the Chinese mission said.

The council last year adopted a series of three increasingly tough sanctions resolutions targeting North Korea's economy in response to Pyongyang's sixth nuclear test and a series of ballistic-missile launches.

The sanctions banned North Korea's exports of raw commodities and severely restricted its supplies of oil, which are vital to sustaining the country's military program.

The skirmish over fuel smuggling comes ahead of a July 20 meeting at which U.S. Secretary of State Mike Pompeo is scheduled to brief the UN council on Washington's drive to persuade North Korea to scrap its nuclear and missile programs.

Diplomats expect Pompeo to push the council to keep strictly enforcing the UN sanctions.

By RFE/RL

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News