Join our crew and become one of the 106,428 members that receive our newsletter.

oil prices


Sunday, July 16, 2023
Crew members check the deck of the Russian oil cargo Pure Point, carrying crude oil, anchored at a port in Karachi, Pakistan June 13, 2023. REUTERS/Akhtar Soomro/File Photo
Shipping

Oil Surge To $80 Shows Long-Awaited Market Tightening Is Here

By Grant Smith Jul 16, 2023 (Bloomberg) –Betting on a tighter oil market has been a bad trade for most of this year. But there are signs it’s

July 16, 2023
Total Views: 2441

Thursday, May 25, 2023
Opinion: Global Freight Cycle May Have Hit Bottom
Shipping

Opinion: Global Freight Cycle May Have Hit Bottom

LONDON, May 25 (Reuters) – Global freight volumes show signs of having bottomed out in the first quarter, signalling the industrial cycle may

May 25, 2023
Total Views: 2404

Tuesday, March 28, 2023
president biden at climate summate
Navy

Biden Leaves Market And Military Unclear About Strategic Oil Reserve

The Biden administration’s inconsistent approach to the Strategic Petroleum Reserve (SPR) has raised concerns and intensified skepticism among oil

March 28, 2023
Total Views: 2427

Monday, November 28, 2022
Oil tanker in Ningbo Zhoushan port
News

Oil Prices Plunge On China Unrest

By Yongchang Chin (Bloomberg) Oil tumbled to the lowest level since December as a wave of unrest in China punished risk assets and clouded the

November 28, 2022
Total Views: 4398

Sunday, November 20, 2022
Oil Tanker Terminal Qingdao Port, China,
Offshore

Oil Prices Continue To Slide After US Midterm Elections

By Julia Fanzeres (Bloomberg) Oil dropped the most in a week since April as the full weight of languishing Chinese demand and more economic tightening

November 20, 2022
Total Views: 6464

Friday, October 28, 2022
oil tanker photo
Offshore

OPEC Expects Oil Demand Will Rise Until 2035

By Alex Lawler (Reuters) – OPEC is likely to maintain its view world oil demand will rise for another decade, longer than many other forecasters predict,

October 28, 2022
Total Views: 1462

Saturday, July 23, 2022
two tankers conduct ship-to-ship transfer
News

Dark Tanker Market Gets Competitive

Data from Vortexa, a platform in the energy industry, shows that Iran, Russia, and Venezuela are all vying to sell oil to Asia. According to the analysis,

July 23, 2022
Total Views: 4008

Wednesday, June 22, 2022
File photo of an offshore drillship
Offshore

Schlumberger Sees Global Offshore Oil Exploration and Production Accelerating

By Liz Hampton June 22 (Reuters) – Spending in the global oil exploration and production industry is “poised to accelerate broadly” and

June 22, 2022
Total Views: 2044

Saturday, April 9, 2022
product tanker
Shipping

East Coast Jet Fuel Prices Continue Ascent, Reinforcements Out At Sea

By Laura Sanicola April 8 (Reuters) – East Coast jet fuel prices are showing no sign of retreat from record levels with nearest reinforcements

April 9, 2022
Total Views: 2229

Monday, April 4, 2022
Exxon Mobil Flags Highest Profit Since 2008 on Surging Oil Prices
Offshore

Exxon Mobil Flags Highest Profit Since 2008 on Surging Oil Prices

By Kevin Crowley and Kasia Klimasinska (Bloomberg) — Exxon Mobil Corp. signaled its highest profit since 2008 as Russia’s war in Ukraine upended

April 4, 2022
Total Views: 1042

Sunday, March 13, 2022
A bunker vessel prepares to supply fuel to Hin Leong's Pu Tuo Shan VLCC supertanker in the waters off Jurong Island in Singapore
Shipping

Oil Resumes Decline Following A Tumultuous Week

By Rob Verdonck and Serene Cheong Mar 13, 2022 (Bloomberg) –Oil resumed its decline after Iran carried out a missile strike in Iraq following the

March 13, 2022
Total Views: 5571

Tuesday, March 8, 2022
containership ship bunkering
Shipping

Soaring Bunker Prices Could Speed Up ‘Return to Normal’ for Container Shipping

By Mike Wackett (The Loadstar) – Low-sulphur bunker prices increased another $100 per ton yesterday and, having soared by a third since the end of

March 8, 2022
Total Views: 12777

offshore rig
Offshore

Oil Jumps to $130 With U.S. and U.K. Set to Ban Russia Imports

By Julia Fanzeres and Alex Longley (Bloomberg) — Oil extended its rally as the U.S. and U.K. said they plan to ban Russian oil imports while oil giant

March 8, 2022
Total Views: 925

Sovcomflot Logo Russian
News

More Russian Oil Deeply Discounted As Load Port Ban Risk Alarms Buyers

By Tsuyoshi Inajima (Bloomberg) A cargo of Russian Sokol oil from the Far East was offered at a steep discount as the nation’s invasion of Ukraine and the

March 8, 2022
Total Views: 3287

Tuesday, February 22, 2022
vlcc tanker
Shipping

Vitol CEO Sees Oil Above $100 for a ‘Prolonged Period’ This Year

By Archie Hunter and Anna Edwards (Bloomberg) — Oil prices could be set for a “prolonged period” above $100 a barrel over the next six to nine

February 22, 2022
Total Views: 1334

Monday, February 21, 2022
tankers at anchor
Shipping

Soaring Diesel and Gasoline Prices Are Bleeding Into Shipping

By Jack Wittels (Bloomberg) — The shipping industry is starting to feel the full force of surging diesel and gasoline costs. Ship fuel can be made from

February 21, 2022
Total Views: 2822

Thursday, February 3, 2022
offshore spar
Offshore

WTI Crude Passes $90 a Barrel for First Time Since 2014

By Julia Fanzeres and Sheela Tobben (Bloomberg) — Oil shot across $90 for the first time since 2014 as winter weather in the U.S. threatened to shut in

February 3, 2022
Total Views: 902

Friday, January 28, 2022
semisubmersible drilling rig at sea
Offshore

Scorching Rally: Oil Set for Sixth Straight Weekly Gain

By Julia Fanzeres (Bloomberg) — Oil is headed for a sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring

January 28, 2022
Total Views: 981

Thursday, December 30, 2021
offshore oil rig
Offshore

Oil Steadies After Longest Run in 10 Months

By Alex Longley (Bloomberg) — Oil futures in New York dipped after their longest run of gains since February, as the market weighed a series of supply

December 30, 2021
Total Views: 469

Thursday, December 23, 2021
offshore rig north sea
Offshore

Global Oil’s Comeback Year Presages More Strength in 2022

By Stephanie Kelly, Bozorgmehr Sharafedin and Koustav Samanta NEW YORK, Dec 23 (Reuters) – Global oil demand roared back in 2021 as the world began to

December 23, 2021
Total Views: 512
close

JOIN OUR CREW

Maritime and offshore news trusted by our 106,428 members delivered daily straight to your inbox.

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.