Original Coverage & Source Attribution: www.bairdmaritime.com
The goal is to get more refined products and crude out of the Persian Gulf, the official said.
US Energy Secretary Chris Wright said in a video to the World Petroleum Congress in Riyadh this week that the administration was talking about easing the sanctions on shadow fleet vessels in an effort to cut record freight rates that have cut into demand for US crude, according to Energy Aspects, a research group.
Bits of the talk were broadcast on social media, but Reuters was not able to obtain the full video or a transcript. The Department of Energy said it was not available.
Companies seeking to use the sanctioned vessels would have to apply to the US Treasury Department to use the vessels, the official said.
The Department of Energy said any move to relieve sanctions on the shadow fleet would not help Russia to move oil or oil products. The Treasury Department referred questions to the Department of Energy.
