Floating Oil Storage Grows Off California Coast
By Robert Tuttle (Bloomberg) — Oil tankers carrying enough crude to satisfy 20% of the world’s consumption are gathered off California’s coast with
Bloomberg News is a global newsroom covering markets, economics, policy, energy, commodities, and international trade. gCaptain republishes select Bloomberg reporting under a syndication license when stories are relevant to shipping, ports, and offshore sectors. Bloomberg stories on gCaptain are clearly labeled and may be edited for house style and format while preserving the original reporting.
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 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
By Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The
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
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 Javier Blas, Salma El Wardany and Grant Smith (Bloomberg) — The world’s top oil producers pulled off a historic deal to cut global petroleum output
By Jen Skerritt, Leslie Patton and Emele Onu (Bloomberg) — The port backups that have paralyzed food shipments around the world for weeks aren’t
By Adam Minter (Bloomberg Opinion) — Before the pandemic, 100,000 seafarers traveled in and out of the world’s ports every month. Some had spent
By Anna Shiryaevskaya (Bloomberg) — Shipments of liquefied natural gas will decline from record levels as global economic growth weakens and energy
By Joe Mayes (Bloomberg) — Britain faces disruption to goods flows from continental Europe as the coronavirus outbreak squeezes the finances of ferry
By Jennifer A. Dlouhy and David Wethe (Bloomberg) — Inside more than a thousand offshore drilling rigs and oil production platforms that dot the Gulf of
By Claire Jiao, Siegfrid Alegado and Ann Koh (Bloomberg) — Port restrictions and canceled flights are straining the ability to replace seafarers on
By Catherine Traywick, Mario Parker and Justin Sink (Bloomberg) — On Thursday, U.S. President Donald Trump sent oil prices rallying on the prospect of
By Javier Blas and Alex Longley (Bloomberg) –To outsiders, the oil trade of the day is so astonishing that even President Donald Trump sounded
By Jonathan Levin and Christopher Palmeri (Bloomberg) — Carnival Corp. customers are skittish about booking a cruise, even if it’s for next year
By Anna Shiryaevskaya and Naureen S. Malik (Bloomberg) — Liquefied natural gas traders are following the latest trend in the oil market by storing huge
By Sharon Cho and Alex Longley (Bloomberg) — Oil surged in London as China planned to start buying up cheap crude for its strategic reserves, while the
By Matthew Bristow and Michael McDonald (Bloomberg) — The gatekeepers of global trade routes are trying to keep goods moving through a wounded world
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up