Oil


Thursday, May 1, 2025
Oil tanker on Lake Maracaibo, in Cabimas. REUTERS/Issac Urrutia
Energy

Venezuela Loses 20% Of Oil Exports After Cargo Cancellations to Chevron

Venezuela's oil exports fell almost 20% to some 700,000 barrels per day (bpd) in April, the lowest level in nine months, as cargo cancellations to U.S.-based

43 minutes ago
Total Views: 93

Thursday, April 17, 2025
Arc7 shuttle tanker loading crude oil at the Arctic Gate terminal. (GazpromNeft Shipping)
Defense

Russian Arctic Oil Exports to China Jump Helped by STS Transfers, Sources Say

Russia’s Arctic oil exports to China are set to rise sharply this month buoyed by a jump in ship-to-ship transfers at sea to ensure tankers pulling into port

April 17, 2025
Total Views: 1644

Friday, April 4, 2025
Stock photo shows an oil tanker at a terminal
Shipping

Commodities Collapse: China Tariffs Send Oil, Soybeans and Copper Tumbling

Oil prices plunged nearly 8% on Friday to the lowest level since 2021, while copper, soybeans and other commodities also fell as China retaliated against U.S.

April 4, 2025
Total Views: 4604

Thursday, April 3, 2025
crude oil import terminal vlcc tanker china
Shipping

Oil Traders Shun China-Made Ships for US Flows on Trump Levies

Oil traders looking to book ships that call at US ports are trying to avoid Chinese-built vessels, after President Donald Trump proposed hefty fees on them

April 3, 2025
Total Views: 953

Thursday, March 27, 2025
Iran Oil-Filled Tankers Build Up Off Malaysia as Sanctions Mount
Energy

Iran Oil-Filled Tankers Build Up Off Malaysia as Sanctions Mount

Close to a dozen US-sanctioned tankers are idling off Malaysia with Iranian crude, with some having been stationed in the oil-transfer hub for more than a

March 27, 2025
Total Views: 1107

Tuesday, March 4, 2025
tanker at sea
Shipping

Tankers: OPEC+ to Proceed with Planned April Oil Output Hike

 OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing

March 4, 2025
Total Views: 11

Friday, February 7, 2025
A warship with the EU's Operation Aspides escorts a tanker and cargo ship sail through the Southern Red Sea. Photo courtesy Operation Aspides
Shipping

Oil Executives Call for Cautious Return to Red Sea Navigation

Oil executives called on Thursday for a return to navigation through the Red Sea en route to the Suez Canal following a halt in attacks by Iran-backed

February 7, 2025
Total Views: 437

Indonesia seizes Iranian flagged tanker suspected of illegal oil transshipment in Indonesia's North Natuna Sea. Picture released July 11, 2023. Indonesia's Maritime Security Agency (Bakamla) / Handout via REUTERS
Energy

Trump’s First Iran Sanctions Hit Three Ships in China Trade

President Donald Trump’s maiden sanctions package targeting a handful of vessels carrying Iranian oil stopped short of the “maximum pressure” campaign

February 7, 2025
Total Views: 1192

Tuesday, January 28, 2025
Russia Oil Trade to China, India Stalls as Sanctions Drive Up Shipping Costs
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: 1053

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: 563

Wednesday, January 22, 2025
A crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay. REUTERS/Tatiana Meel
Energy

Oil Tankers Reroute to Russian Pacific Port Hobbled by Sanctions

Tankers that used to haul oil from Russia’s western ports are being redeployed to the nation’s east to service a key crude route to China that’s been

January 22, 2025
Total Views: 1157

Thursday, January 16, 2025
crude oil import terminal vlcc tanker china
Energy

Tanker Under US Sanctions Discharges Oil at Chinese Port, LSEG Data Shows

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon

January 16, 2025
Total Views: 1370

Wednesday, January 15, 2025
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: 3492

Monday, January 13, 2025
Russia Says New US Energy Sanctions Will Destabilize Global Markets
Energy

Russia Says New US Energy Sanctions Will Destabilize Global Markets

The Kremlin said on Monday that the latest round of U.S. sanctions on the Russian energy sector risked destabilizing global markets, and Moscow would do

January 13, 2025
Total Views: 762

Friday, January 10, 2025
U.S. Blocks More Than 180 Vessels, Oil Traders and Companies In Sweeping New Sanctions Against Russia
Energy

U.S. Blocks More Than 180 Vessels, Oil Traders and Companies In Sweeping New Sanctions Against Russia

In an unprecedented move targeting Russia’s energy sector the U.S. Department of the Treasury announced sanctions against more than 180 vessels, dozens of

January 10, 2025
Total Views: 1808

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: 1228

Monday, January 6, 2025
ship to ship
Energy

US Plans More Sanctions on Tankers Carrying Russian oil, Sources Say

The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying

January 6, 2025
Total Views: 519

Saturday, January 4, 2025
offshore oil rig
Energy

Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters

President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of

January 4, 2025
Total Views: 1270

Thursday, January 2, 2025
An offshore oil rig is pictured off the coast of Huntington Beach, California, U.S., November 14, 2024
Energy

Biden to Block More Offshore Oil Drilling Before Trump Arrives

President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in

January 2, 2025
Total Views: 1926

Monday, December 16, 2024
Energy

Tanker Rates Tumble on Key Route as China Cuts Crude Purchases

Spot rates for hauling crude on the largest vessels from the Middle East to China, a benchmark route, have sunk by a third this year as demand in the top

December 16, 2024
Total Views: 958