Wednesday, January 20, 2021
vlcc tanker

Tanker Owners Pay to Move Crude in Wake of Supply Cuts

By Alex Longley (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s...

January 20, 2021
Total Views: 3008

Tuesday, January 5, 2021

From Embargo to Embrace, Saudi Arabia Pushes Gulf Detente

By Aziz El Yaakoubi AL-ULA, Saudi Arabia, Jan 5 (Reuters) – Embracing Qatar’s ruler, Saudi Arabia’s Crown Prince pushed a deal to end a bitter row with Doha at a...

January 5, 2021
Total Views: 700

Monday, December 14, 2020

Fuel Tanker Hit by Blast at Saudi Port as Red Sea Attacks Mount

By Paul Wallace, Sharon Cho, Verity Ratcliffe and Nourhan Samra (Bloomberg) — A ship was hit by an explosion at the Saudi Arabian port of Jeddah, as attacks in the Red...

December 14, 2020
Total Views: 4470

Tuesday, June 30, 2020
vlcc tanker
Maritime News

Saudi Arabia Makes Good on OPEC+ Oil Cuts

(Bloomberg) — Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June. Observed Saudi crude exports for this month fell...

June 30, 2020
Total Views: 9

Wednesday, April 29, 2020
tanker at sea
Maritime News

Saudi Oil Flotilla Faces Congested U.S. Ports

By Stephen Cunningham and Robert Tuttle (Bloomberg) — A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in coming weeks at the same time...

April 29, 2020
Total Views: 11

vlcc tanker
Maritime News

Saudi Crude Buyers Cancel at Least 7 Supertankers After Freight Hike – Sources

LONDON, April 29 (Reuters) – U.S. buyers of Saudi Arabian crude oil cancelled at least seven April-loading tankers after a jump in freight costs, two industry sources said, likely to...

April 29, 2020
Total Views: 9

Wednesday, April 22, 2020
tanker at sea
Maritime News

Saudi Arabia May Re-Route Tankers if U.S. Imposes Crude Import Ban

By Jonathan Saul, Devika Krishna Kumar and Olga Yagova LONDON/NEW YORK/MOSCOW, April 22 (Reuters) – Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the...

April 22, 2020
Total Views: 4

Friday, April 10, 2020
oil tanker at anchor
Maritime News

OPEC+ Outlines Record Oil Cut

By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar DUBAI/MOSCOW/LONDON (Reuters) – OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth...

April 10, 2020
Total Views: 12

Wednesday, April 8, 2020
oil tanker
Maritime News

Oil Tanker Freight Rates Fall Ahead of OPEC+ Meeting

By Roslan Khasawneh SINGAPORE, April 8 (Reuters) – Supertanker freight rates have fallen after last week’s highs as industry participants await the outcome of a meeting of oil producers on...

April 8, 2020
Total Views: 13

Thursday, April 2, 2020
vlcc tanker
Maritime News

Oil Posts Biggest Single-Day Gain After Trump Touts Saudi-Russia Oil Deal

By Scott DiSavino NEW YORK, April 2 (Reuters) – Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi...

April 2, 2020
Total Views: 9

Monday, March 23, 2020
ships at anchor
Maritime News

Saudi Arabia Tanker Power Play Could Backfire as Oil Demand Shrinks

By Jonathan Saul and Dmitry Zhdannikov LONDON, March 23 (Reuters) – Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in...

March 23, 2020
Total Views: 15

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: 10

Thursday, March 12, 2020
Maritime News

Saudi Arabia Floods Market with Cheap Oil to Squeeze Out Russia

By Olga Yagova and Gleb Gorodyankin MOSCOW, March 12 (Reuters) – Saudi Arabia has stepped up efforts to squeeze Russia’s Urals oil grade out of its main markets by offering...

March 12, 2020
Total Views: 26

Tuesday, March 10, 2020
vlcc tanker
Maritime News

Saudis Make Rare Supertanker Bookings to Carry Flood of Oil

By Sheela Tobben, Alaric Nightingale and Serene Cheong (Bloomberg) — Saudi Arabia’s biggest tanker company booked a batch of ships to transport the kingdom’s crude to U.S. customers in what shipbrokers...

March 10, 2020
Total Views: 35

Monday, December 30, 2019
Maritime News

Fincantieri Marinette Marine Awarded U.S. Navy Contract to Build Four Warships for Saudi Arabia

The U.S. Navy has officially awarded a Lockheed Martin-led team a multi-billion dollar contract to construct four warships for the Kingdom of Saudi Arabia. The four Multi-Mission Surface Combatant (MMSC)...

December 30, 2019
Total Views: 23

Friday, October 11, 2019
The Iranian-owned Sabiti oil tanker is seen sailing in the Red Sea
Maritime News

Iranian Tanker Reportedly Hit by Missiles Off Saudi Coast, Iran Media Reports

By Parisa Hafezi and Sylvia Westall DUBAI, Oct 11 (Reuters) – An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi Arabia’s coast on Friday,...

October 11, 2019
Total Views: 5

Friday, September 20, 2019
saudi oil attack Abqaiq
Maritime News

Saudi Aramco Sees Full Oil Production Restored by End of September

By Rania El Gamal and Stephen Kalin ABQAIQ, Saudi Arabia, Sept 20 (Reuters) – Saudi state oil company Aramco said it will bring back by end September full crude output...

September 20, 2019
Total Views: 2

Wednesday, September 18, 2019
Maritime News

Saudi Arabia Joins U.S.-Led Gulf Naval Mission

By Abbas Al Lawati (Bloomberg) –Saudi Arabia joined a U.S.-led coalition to secure sea lines vital to oil shipping in the Middle East in the aftermath of a devastating attacks...

September 18, 2019
Total Views: 5

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, September 16, 2019
tanker loading
Maritime News

Demand for U.S. Crude Surges After Attack on Saudi Oil Facilities

NEW YORK/HOUSTON, Sept 16 (Reuters) – U.S. crude export demand at the Gulf Coast surged on Monday, traders said, as the window to export crude profitably to Asia and Europe...

September 16, 2019
Total Views: 3