Geopolitics Alpha

Owners of seized Russian oil tanker claim U.S. improperly sold ship for scrap metal

Published . Updated .

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ENERGYOwners of seized Russian oiltanker claim U.S. improperly soldship for scrap metalGEOPOLITICS ALPHA

This report is about tanker shipping and oil. Names like FRO and DHT typically gain because frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

Directly affected

  • No company is named in this report.

Indirectly affected

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.

  • USO United States Oil Fund-5.0% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • FRO Frontline+1.0% 30d

    Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • DHT DHT Holdings

    DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • INSW International Seaways-9.6% 14d

    International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • TNK Teekay Tankers

    Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

  • XOM ExxonMobil Holdings-2.7% 17d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+5.5% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
BWET+32.30%+28.62%base-2.09%after closeafter closeafter close
USO+15.71%+7.84%base+1.73%after closeafter closeafter close
FRO+16.66%+7.37%base-1.91%after closeafter closeafter close
DHT+13.74%+8.20%base-2.36%after closeafter closeafter close
INSW+14.12%+6.11%base-1.31%after closeafter closeafter close
TNK+14.26%+7.57%base-0.05%after closeafter closeafter close
XOM+8.08%+6.08%base+1.27%after closeafter closeafter close
CVX+6.66%+5.01%base+2.32%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Owners of seized Russian oil tanker claim U.S. improperly sold ship for scrap metal NBC News

Source: NBC News

Energy

CompanyWhenMoveStatus
BWETthat day-2.09%still updating
BWETthree days earlier+28.62%final price
BWETfive days earlier+32.30%final price
CVXthat day+2.32%still updating
CVXthree days earlier+5.01%final price
CVXfive days earlier+6.66%final price
DHTthat day-2.36%still updating
DHTthree days earlier+8.20%final price
DHTfive days earlier+13.74%final price
FROthat day-1.91%still updating
FROthree days earlier+7.37%final price
FROfive days earlier+16.66%final price
INSWthat day-1.31%still updating
INSWthree days earlier+6.11%final price
INSWfive days earlier+14.12%final price
TNKthat day-0.05%still updating
TNKthree days earlier+7.57%final price
TNKfive days earlier+14.26%final price
USOthat day+1.73%still updating
USOthree days earlier+7.84%final price
USOfive days earlier+15.71%final price
XOMthat day+1.27%still updating
XOMthree days earlier+6.08%final price
XOMfive days earlier+8.08%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100Price not final

“Owners of seized Russian oil tanker claim U.S. improperly sold ship for scrap metal” scores 12 out of 100. The score uses 1 sources. The price is not final yet.