Monday, April 20, 2020
Oil tanker in Ningbo Zhoushan port
Maritime News

Spot U.S Oil Futures Crash Below Zero. Here’s What the Experts are Saying

NEW YORK, April 20 (Reuters) – Energy traders fled from the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract deep into negative territory for...

April 20, 2020
Total Views: 43

Monday, March 30, 2020
vlcc tanker
Maritime News

Tanker Rates Double as Oil Contango Spreads

By Roslan Khasawneh SINGAPORE, March 30 (Reuters) – Supertanker freight rates are on the rise for a second time this month as producers, refiners and traders scramble to secure ships...

March 30, 2020
Total Views: 186

Thursday, March 19, 2020
tanker aerial
Maritime News

Tankers Drop Anchor as Traders See Profit in Price Rout

By Alex Longley (Bloomberg) — Oil tankers starting to drop anchor as traders start deploying the vessels to keep barrels at sea in the wake of the price plunge. Between five...

March 19, 2020
Total Views: 76

Wednesday, March 18, 2020
oil tanker
Maritime News

Oil’s 24% Plunge in a Day Signals No End in Sight for Meltdown

By Alex Longley, Javier Blas and Jackie Davalos (Bloomberg) — Oil is ensnared in such a crisis that Wednesday’s 24% plunge in New York wasn’t even its worst day this month....

March 18, 2020
Total Views: 45

Monday, March 9, 2020
tanker loading
Maritime News

Oil in Grips of Chaos After Price War Triggers Historic Crash

By James Thornhill (Bloomberg) — Oil clawed back some of its biggest drop in a generation as a battle for market share between Saudi Arabia and Russia threatens to boost supply...

March 9, 2020
Total Views: 50

Tuesday, September 17, 2019
saudi oil attack Abqaiq
Maritime News

Oil Trims Losses on Conflicting Signals About Saudi Recovery

By David Marino and Sheela Tobben (Bloomberg) — Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks. A Financial Times...

September 17, 2019
Total Views: 3

Monday, August 5, 2019
offshore rig

Oil Falls on Rising Trade War Tensions

By Kiran Dhillon (Bloomberg) –The international oil benchmark closed below $60 dollars a barrel for the first time in almost two months as worsening U.S.-China trade relations intensified fears about...

August 5, 2019
Total Views: 3

Friday, July 19, 2019
Maritime Security Incidents

Oil Jumps as Tanker Seizure Escalates Tensions With Iran

By Harkiran Dhillon (Bloomberg) Oil climbed after Iran’s Revolutionary Guard Corp said it seized a British-flagged tanker in the Strait of Hormuz, raising stakes in the critical oil chokepoint. London-traded...

July 19, 2019
Total Views: 50

Thursday, February 21, 2019
Lou Vest, tanker, oneeighteen

Twelve Empty Supertankers Reveal The Truth About Today’s Oil Market

by Firat Kayakiran (Bloomberg) They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also...

February 21, 2019
Total Views: 152

Friday, April 20, 2018
oil tanker

Trump Tweets on ‘Artificially’ High Oil Prices: “Oil all over the place, including the fully loaded ships at sea”

By Susan Heavey and Rania El Gamal WASHINGTON/JEDDAH, Saudi Arabia, April 20 (Reuters) – U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices, drawing rebukes from...

April 20, 2018
Total Views: 2

Tuesday, September 5, 2017

Oil Markets Dip As Irma Approaches United States

Henning Gloystein (Reuters) – Oil prices dipped on Wednesday as crude demand remained subdued on the back of refinery closures following Hurricane Harvey which hit the U.S. Gulf coast 10...

September 5, 2017
Total Views: 0

Monday, March 20, 2017
offshore oil rig Statoil

Oil Drops as U.S. Drilling Growth Threatens to Counter OPEC Cuts

By Mark Shenk (Bloomberg) — Oil fell as a U.S. drilling revival undermines the potential for OPEC output curbs to rebalance the market. Futures dropped as much as 1.9 percent in...

March 20, 2017
Total Views: 5

Thursday, August 11, 2016
troll a
Maritime News

IEA: Oil Markets to Tighten Slowly After Months of Oversupply

By Dmitry Zhdannikov MOSCOW, Aug 11 (Reuters) – Oil markets will begin to tighten in the second half of 2016 but at a slow pace as global demand growth declines...

August 11, 2016
Total Views: 0

Tuesday, May 24, 2016
troll a
Maritime News

World Better Forget About $100 Oil Coming Back, Norway Says

By Mikael Holter (Bloomberg) — The oil market is rebalancing, but don’t count on ever seeing prices at $100 a barrel again: that’s the clear message from Norway’s petroleum and...

May 24, 2016
Total Views: 13

Wednesday, January 27, 2016
containership at sea
Maritime News

Cheaper Bunkers Could Both Hinder and Help Container Lines, Says BIMCO

By Mike Wackett (The Loadstar) – Lower bunker costs are “very welcome in an industry struggling to make a profit”, says shipping industry association BIMCO in its latest container market...

January 27, 2016
Total Views: 1

Sunday, November 22, 2015

Global Oil Job Cuts Top 250,000

by David Wethe and Saleha Mohsin (Bloomberg) – The number of jobs gutted from oil and gas companies around the world has now passed the 250,000 mark, with still more to come,...

November 22, 2015
Total Views: 9

Thursday, October 29, 2015
Maritime News

Shell Posts Biggest Loss in More Than a Decade

  By Rakteem Katakey and Javier Blas (Bloomberg) — Royal Dutch Shell Plc reported its biggest net loss in at least 16 years after Europe’s largest energy group abandoned some...

October 29, 2015
Total Views: 5

Wednesday, October 28, 2015

China Offshore Producer Cnooc’s Revenue Dips 32% on Lower Oil Prices

By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas producer, posted a 32 percent decline in third-quarter sales as a slump in energy prices outpaced a...

October 28, 2015
Total Views: 12

Monday, October 12, 2015
Maritime News

Vroon to Lay-Up A Dozen Offshore Vessels

  Netherlands-based Vroon Offshore Services will be laying up 12 offshore vessels “as a direct result of the ongoing slump in offshore oil and gas activities”, the company has announced....

October 12, 2015
Total Views: 45

Monday, October 5, 2015
gunnerus rolls-royce permanent magnet azimuth thruster
Maritime News

Rolls-Royce Cuts 400 Marine Jobs as Oil Hits Offshore-Ship Sales

  By Christopher Jasper (Bloomberg) — Rolls-Royce Holdings Plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline continues to weigh on demand for...

October 5, 2015
Total Views: 4