crude oil

Russia’s flagship crude is selling at the deepest discount in the international marketplace in almost three years as western sanctions deter trade with

Mol Group Nyrt, Hungary’s largest energy company, asked the government to release strategic oil reserves to keep its refineries operating while a key

A niche but crucial part of the oil market is being rocked by a huge bet from a South Korean tycoon who has amassed a large share of the tanker market

Valero Energy is set to import up to 6.5 million barrels of Venezuelan crude in March, potentially surpassing Chevron as the top U.S. refiner of Venezuelan oil

xSingapore has delivered one of the clearest warnings yet to maritime professionals about the consequences of misleading authorities after a serious onboard

The U.S. eased sanctions on Venezuela's energy sector on Friday, issuing two general licenses that allow global energy companies to operate oil and gas

New data compiled by the Danish Maritime Authority reveals that EU-sanctioned tankers linked to Russia’s so-called “shadow fleet” made 292 voyages

U.S. expanded licenses for Venezuelan oil exports are expected to restore PDVSA production to pre-blockade levels of 1.2M bpd by mid-2026. Vitol and Trafigura

Russia’s crude output declined for a second straight month in January as the world’s third largest oil producer faces difficulty in marketing its barrels

More than a dozen tankers carrying 10-12 million barrels of Russian Urals crude are circling Asia seeking buyers after India cut imports under US pressure.

US Gulf Coast refiners are struggling to absorb surging Venezuelan oil imports after Trump's $2B supply deal. Venezuelan exports tripled to 800K bpd but prices

India’s pullback from Russian oil imports is leaving Moscow with the dilemma of what to do with all the crude that it’s pumping onto tankers but is unable

French naval forces intercepted and diverted the Russian-linked oil tanker Grinch on Thursday in the western Mediterranean between the southern coast of Spain

Soaring freight rates have enticed some shipowners to use new tankers to transport Russian oil, a trade usually carried out by older vessels that are close to

The sanctioned shadow fleet tanker Hyperion has entered the Bay of Biscay and is now heading northeast toward the English Channel. The vessel is one of just a

Tankers have begun discharging Venezuelan crude at Caribbean islands, publicly signaling their activity in a move that marks a new trade order after US exerted

China's oil imports from Venezuela are expected to slump starting from February as fewer tankers have managed to leave for Caracas' top crude buyer after the

Venezuela's main oil ports on Tuesday entered their fifth day without delivering crude for state-run PDVSA's customers in Asia, which are the OPEC country's

Chinese buyers shunned offers for Venezuelan crude this week, as a US blockade on the South American producer constrains exports and pushes up

More than a dozen tankers have loaded oil off Venezuela’s coast since the Trump administration intensified efforts to curb Caracas’ crude revenue by