crude oil


Friday, November 1, 2024
Stock photo shows an oil tanker at a terminal
News

EPA Clears Path for Texas Deepwater Port, Fueling Controversy Over U.S. Oil Exports on Supertankers

(Bloomberg) — The Environmental Protection Agency has given its blessing for a proposed Texas oil port capable of exporting 1 million barrels of oil a

November 1, 2024
Total Views: 2229

Sunday, October 20, 2024
A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
Shipping News

Canadian Crude Oil Embarks on a Rare Tanker Trip to Alaska

By Robert Tuttle (Bloomberg) A tanker of Canadian crude was shipped from Vancouver to Alaska for the first time in at least 10 years as the recently expanded

October 20, 2024
Total Views: 2069

Friday, October 4, 2024
Iranian flag near oil refinery
News

Mideast’s Rising War Risk Puts Spotlight on Iran’s Quiet Oil Comeback

(Bloomberg) — Iran’s oil production has defied years of US sanctions to return to almost full capacity — a tide of supply that looks increasingly

October 4, 2024
Total Views: 696

Wednesday, September 11, 2024
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
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Trafigura to Convert More Supertankers if Oil Market Woes Linger

(Bloomberg) — Trafigura Group could switch more of its crude-oil tankers to carry refined products if sluggish market conditions persist. About

September 11, 2024
Total Views: 1332

Tuesday, August 27, 2024
FILE PHOTO: Shutterstock/Vallehr
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Crude Oil Tankers Divert Via Arctic Bypassing Red Sea Chaos

By Malte Humpert (gCaptain) – Crude oil shipments via the Arctic look set to reach a new highpoint in the coming weeks. The largest oil tanker to venture

August 27, 2024
Total Views: 8116

Friday, August 9, 2024
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
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Iran’s Oil Finds New Destinations in Tehran Export Push

LONDON, Aug 9 (Reuters) – Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to

August 9, 2024
Total Views: 3466

Tuesday, August 6, 2024
A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
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Crude Oil Exports Help Canada Swing to Surprise Trade Surplus in June

OTTAWA, Aug 6 (Reuters) – Canada recorded a surprise trade surplus of C$638 million ($461 million) in June, data showed on Tuesday, mainly led by a

August 6, 2024
Total Views: 782

Saturday, August 3, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Energy

Oil Settles At 8-Month Low After Disappointing US Job Numbers

By Georgina McCartney HOUSTON Aug 2 (Reuters) – Oil prices fell on Friday, settling at their lowest since January after data showed the

August 3, 2024
Total Views: 1006

Tuesday, July 9, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
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Slumping Freight Rates Telegraph Warning on Asian Crude Demand

(Bloomberg) — The cost of shipping crude oil along key routes to Asia is slumping as supertankers take shorter trips and demand softens in China. Freight

July 9, 2024
Total Views: 813

Thursday, June 27, 2024
A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
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Canada Finds It’s Cheaper to Ship Oil Via Stop in California

(Bloomberg) — Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California

June 27, 2024
Total Views: 2808

Tuesday, June 4, 2024
oil tanker
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Crude Oil Tanker Market Grappling With Ageing Fleet

ATHENS, June 4 (Reuters) – The crude oil tanker market is grappling with an ageing fleet of vessels which need to be replaced, posing a challenge as

June 4, 2024
Total Views: 1020

Monday, June 3, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
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OPEC+ Extends Deep Oil Production Cuts into 2025

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI, June 2 (Reuters) – OPEC+ agreed on Sunday to extend most of its deep oil output

June 3, 2024
Total Views: 603

Swirling Global Uncertainties Make It a Great Time to Be a Greek Shipowner
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Swirling Global Uncertainties Make It a Great Time to Be a Greek Shipowner

(Bloomberg) — Sandwiched between the world’s great global powers in a time of deepening global tensions, Greek shipowners are still finding a way to

June 3, 2024
Total Views: 799

Thursday, May 30, 2024
File photo of an oil tanker at sea
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OPEC+ Working on Complex Deal to Extend Production Cuts into 2025, Sources Say

By Dmitry Zhdannikov, Alex Lawler and Maha El Dahan LONDON, May 30 (Reuters) – OPEC+ is working on a complex deal to be agreed at its meeting

May 30, 2024
Total Views: 527

Tuesday, May 21, 2024
A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
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First Oil Export Cargo from Canada’s Expanded Trans Mountain Pipeline Set to Load

HOUSTON, May 20 (Reuters) – Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first

May 21, 2024
Total Views: 1296

oil storage tankers
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Oil Shipments at Risk From Rising Sea Levels, Think Tank Warns

SINGAPORE, May 21 (Reuters) – Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like

May 21, 2024
Total Views: 1043

Sunday, April 21, 2024
Oil tanker in Ningbo Zhoushan port
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Oil Supertankers Headed For China Jump To The Highest In A Year

By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling

April 21, 2024
Total Views: 7058

Monday, March 11, 2024
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
News

U.S. Leads Global Oil Production for Sixth Straight Year

March 11 (Reuters) – U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9

March 11, 2024
Total Views: 1629

Friday, January 19, 2024
A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy
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Europe, Africa Crude Market Tightens on Red Sea Disruptions, China Demand

LONDON, Jan 19 (Reuters) – The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply

January 19, 2024
Total Views: 1506

Wednesday, December 6, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
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US Sanctions Show Early Signs of Disrupting Russian Oil Tankers

(Bloomberg) — US sanctions on a handful of tankers engaged in the Russian oil trade appear to have placed several of the ships in limbo, highlighting the

December 6, 2023
Total Views: 1258