crude oil


Saturday, February 8, 2025
Stock photo shows an oil tanker at a terminal
Shipping

Chevron Says Fading US Crude Growth Casts Pall On Port Projects

By Lucia Kassai Feb 8, 2025 (Bloomberg) –Slowing US oil-production growth is casting a pall over projects intended to expand crude shipments to

February 8, 2025
Total Views: 2311

Sunday, February 2, 2025
An aerial view of the Valero Houston Refinery is seen in Houston, Texas
Shipping

Trump’s Oil Tariffs A Boost For European And Asian Refiners

By Robert Harvey and Georgina McCartney LONDON/HOUSTON, Feb 1 (Reuters) – U.S. President Donald Trump’s trade tariffs on Canadian and

February 2, 2025
Total Views: 1933

Tuesday, January 28, 2025
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia
Energy

Russia Oil Trade to China, India Stalls as Sanctions Drive Up Shipping Costs

Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering

January 28, 2025
Total Views: 1083

Friday, January 24, 2025
FILE PHOTO: U.S. President Donald Trump signs documents as he issues executive orders and pardons for January 6 defendants in the Oval Office at the White House on Inauguration Day in Washington
News

Trump’s Return to OPEC Politics Muddies Oil Talks Next Month

US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil

January 24, 2025
Total Views: 1404

Thursday, January 23, 2025
Russian Oil Freight Rates Soar on Sanctions-Driven Tanker Shortage
Energy

Russian Oil Freight Rates Soar on Sanctions-Driven Tanker Shortage

Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions

January 23, 2025
Total Views: 592

Wednesday, January 15, 2025
Tanker EVENTIN adrift in the Baltic Sea
Shipping

US Sanctions and Arctic Blast Drive Oil Prices Higher as Tanker Markets Face New Pressure

Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern

January 15, 2025
Total Views: 888

Russian Crude Oil Piles Up Near Chinese Coast After US Sanctions
Energy

Russian Crude Oil Piles Up Near Chinese Coast After US Sanctions

The amount of oil stranded off the Chinese coast is growing as traders, refiners and shipping companies try to avoid being caught up in the

January 15, 2025
Total Views: 3529

Saturday, January 11, 2025
The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024, near Laidlaw, British Columbia, Canada, February 18, 2024. REUTERS/Chris Helgren/File Photo
Energy

Enbridge Preps Pipeline Buildout For Trump-Driven Drilling Boom

By Kevin Orland Jan 11, 2025 (Bloomberg) –Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming

January 11, 2025
Total Views: 1757

Wednesday, January 8, 2025
sovcomflot tanker in sea ice
Energy

Russia’s Crude Shipments Tumble to the Lowest in 16 Months

Russia’s seaborne crude exports slumped to the lowest level since August 2023, with the latest dip stretching the loss since an October peak to 540,000

January 8, 2025
Total Views: 1264

Tuesday, January 7, 2025
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

Global Crude Exports Dipped in 2024 as Trade Routes Reshuffled Again

The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as

January 7, 2025
Total Views: 463

Monday, January 6, 2025
Iran’s Oil Exports Soar to 587M Barrels, Led by China’s Thirst
Shipping

Iran’s Oil Exports Soar to 587M Barrels, Led by China’s Thirst

Despite tightening Western sanctions, Iran’s oil exports reached 587 million barrels in 2024, marking a significant 10.75% increase from the previous

January 6, 2025
Total Views: 2077

Friday, November 15, 2024
ship to ship
Shipping

EU Readies More Sanctions on Russia’s Shadow Fleet by Year’s End

The European Union is working on a new package of sanctions aimed at targeting the shadow fleet of tankers Russia is using to get its oil to market, according

November 15, 2024
Total Views: 694

Thursday, November 7, 2024
Very Large Oil Tanker painted white in port with tug-boat help
Shipping News

India’s Oil Demand Drives CMB Tech Fleet Diversification

By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third

November 7, 2024
Total Views: 681

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: 2233

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: 2078

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: 697

Wednesday, September 11, 2024
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

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: 1335

Tuesday, August 27, 2024
FILE PHOTO: Shutterstock/Vallehr
Shipping

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: 8124

Friday, August 9, 2024
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

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: 3473

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
Shipping

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: 786