crude oil

Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of

Oil and gas tankers are avoiding the Strait of Hormuz after ships received radio broadcasts purporting to ban transit following US-Israel strikes on Iran. A

Russian and Iranian oil producers are slashing prices in a fierce competition for Chinese buyers after India cut imports by 40%. Nearly 48 million barrels of

The European Union needs to coordinate its plan to impose a full maritime services ban on Russia's seaborne crude oil exports with other G7 countries before

Iran has been loading oil onto tankers at a rapid pace in recent days, a potential sign of the Persian Gulf state’s preparations in case of an attack by the

Iran loaded 20.1 million barrels of oil onto tankers from Kharg Island in just six days, tripling January's pace as the U.S. assembles its largest Middle East

Saudi Arabia's National Shipping Co. (Bahri) provisionally hired at least five supertankers as freight rates approach $200,000 per day, the highest since 2020.

West African crude traders are slashing prices as soaring freight costs and an unfavorable Brent-Dubai spread kill Asian demand. Tanker rates to Asia hit

The Proteus Bohemia carrying 100,000 tons of diesel from India's Reliance facility has arrived in Rotterdam, the first such cargo since EU sanctions on

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