Traders Chase Storage Space in World Awash with Oil
By Ron Bousso, Stephanie Kelly and Laura Sanicola LONDON/NEW YORK, April 22 (Reuters) – Oil traders are struggling to find enough ships, railcars,
By Ron Bousso, Stephanie Kelly and Laura Sanicola LONDON/NEW YORK, April 22 (Reuters) – Oil traders are struggling to find enough ships, railcars,
By Jonathan Saul, Devika Krishna Kumar and Olga Yagova LONDON/NEW YORK/MOSCOW, April 22 (Reuters) – Saudi Arabia is exploring re-routing millions of
WASHINGTON, April 22 (Reuters) – President Donald Trump said on Wednesday he had instructed the U.S.Navy to fire on any Iranian ships that harass it at
By Captain George Livingstone – As we witness the COVID-19 crisis spread around the world it seems this big problem could morph and spread into a myriad
By Robert Tuttle (Bloomberg) — Oil tankers carrying enough crude to satisfy 20% of the world’s consumption are gathered off California’s coast with
By Mike Spector and David French April 21 (Reuters) – Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can
By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged
By Brian K. Sullivan (Bloomberg) — The world’s seas are simmering, with record high temperatures spurring worry among forecasters that the global
SOFIA, April 21 (Reuters) – Pirates attacked a Portugal-flagged ship and kidnapped its Bulgarian captain and seven sailors off the coast of Benin,
By Stephanie Kelly NEW YORK, April 20 (Reuters) – U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a
By Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The
NEW YORK, April 20 (Reuters) – Energy traders fled from the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract deep into
Fabled Singapore oil trader Hin Leong hid about $800 million in losses racked up in futures trading on the orders of its founder Lim Oon Kuin, suggesting a
The captain of an Isle of Man-registered containership was murdered onboard his ship at the Port of Cartagena, Colombia, the ship’s manager has
By Krystal Chia (Bloomberg) — Freight rates for bulk commodities, which were torpedoed earlier this year as China’s economy took its initial hit from
By Catherine Ngai, Olivia Raimonde and Alex Longley (Bloomberg) — Oil plunged to the lowest level since 1986 as a deadly pandemic ravaging global
By Michelle Nichols NEW YORK, April 17 (Reuters) – On Oct. 10 last year, eight North Korean vessels – several carrying illicit coal shipments
By John Irish PARIS, April 17 (Reuters) – France defended its handling of the spread of the coronavirus through its flagship Charles de Gaulle aircraft
The Port of Virginia will close one of its terminals due to COVID-19’s impact on global trade. Starting May 4, 2020, the port’s Portsmouth Marine
By Jonathan Saul LONDON, April 17 (Reuters) – Traders are storing an estimated record 160 million barrels of oil on ships – double the level from
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