Oil Tankers

Tanker shipping news – VLCC and Aframax crude rates, product tanker fixtures, chemical carrier demand, sanctions fleet shifts and crude oil tankers.

Wednesday, May 20, 2020
tanker at sea
Shipping News

Alaskan, Canadian Crude Sent to China as Demand Recovers

By Robert Tuttle (Bloomberg) –Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is

May 20, 2020
Total Views: 133

Monday, May 18, 2020
oil tanker
Shipping News

Iran Warns U.S. Over Venezuela-Bound Tankers

By Golnar Motevalli (Bloomberg) –Iran has sent an official warning to the U.S. against making threats to Iranian fuel tankers bound for Venezuela, the

May 18, 2020
Total Views: 67

Friday, May 15, 2020
oil tanker
Shipping News

Tanker Movements Reveal China’s Splurge on Cheap Crude

By Firat Kayakiran (Bloomberg) –Chinese oil traders know bargain crude prices when they see them. That, at least, is one conclusion from the movements of

May 15, 2020
Total Views: 116

Thursday, May 14, 2020
Small Irish Terminal Draws U.S. Oil With Global Storage Filling
Shipping News

Small Irish Terminal Draws U.S. Oil With Global Storage Filling

By Sheela Tobben (Bloomberg) –A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places

May 14, 2020
Total Views: 123

Tuesday, May 12, 2020
tanker underway at sea from the bridge
Shipping News

Saudi Crude Flotilla Faces Delays Ahead of U.S. Arrival

By Sheela Tobben (Bloomberg) –Supertankers laden with Saudi Arabian crude heading to U.S. shores are taking longer than normal to discharge as smaller

May 12, 2020
Total Views: 75

Thursday, May 7, 2020
tanker deck
News

Tankers Round the Cape as Glut Snarls Ports

By Brian Wingfield, Jack Wittels and Firat Kayakiran (Bloomberg) — When the supertanker New Vigorous arrived at the port of Antifer in northern France

May 7, 2020
Total Views: 327

euronav
News

Euronav’s Prospects Lifted by Floating Storage Demand

By Jonathan Saul and Charles Regnier LONDON, May 7 (Reuters) – Leading tanker operator Euronav posted record high first-quarter results on Thursday and

May 7, 2020
Total Views: 85

Friday, May 1, 2020
oil tanker
News

Tanker Rates Crash as OPEC+ Cuts Near. Tanker Owners Reman Bullish

By Firat Kayakiran (Bloomberg) — Oil tanker rates are crashing as a pact to limit global crude production begins. Don’t bet on the rout enduring. From

May 1, 2020
Total Views: 86

Thursday, April 30, 2020
golar seal lng carrier klaipeda
News

Business of Shipping: LNG Carriers Face Less Volatile Market Than Crude Tanker Peers

By Ira Breskin – Liquid Natural Gas carriers are addressing a less volatile short-term charter market than that experienced by crude carriers, “sister

April 30, 2020
Total Views: 327

Wednesday, April 29, 2020
tanker underway at sea from the bridge
Shipping 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

April 29, 2020
Total Views: 100

vlcc tanker u-turn
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

April 29, 2020
Total Views: 97

Tuesday, April 28, 2020
oil storage tankers
News

Oil Slides After ETFs Move Into Later-Dated Contracts

By Mike Jeffers (Bloomberg) — Oil fell after the biggest oil ETF said it would sell out of its June WTI futures position as physical oil storage levels

April 28, 2020
Total Views: 45

Monday, April 27, 2020
oil tanker at sea
News

Oil Traders Now Hiring Jones Act Tankers for Storage and Shipping Abroad

By Jonathan Saul and Devika Krishna Kumar LONDON/NEW YORK April 27 (Reuters) – Oil traders are hiring expensive U.S. vessels, normally only used for

April 27, 2020
Total Views: 239

Friday, April 24, 2020
Oil Buoyed by Production Cuts to End Historic Week
Shipping News

Oil Buoyed by Production Cuts to End Historic Week

By Olivia Raimonde (Bloomberg) — Oil edged lower for the week after paring losses following the dramatic collapse on Monday that saw prices in New York

April 24, 2020
Total Views: 67

oil tanker
News

Supertanker Rates Ease but Poised for More Gains as Storage Demand Beckons

By Roslan Khasawneh SINGAPORE, April 24 (Reuters) – Supertanker freight rates eased this week as surging demand for floating storage cooled and crude oil

April 24, 2020
Total Views: 148

taanker
News

Oil Market So Glutted Traders Use Tiny Barges to Store Fuels

By Ronan Martin and Jack Wittels (Bloomberg) — The oil market is getting so glutted that tiny barges that would normally be busily moving fuels

April 24, 2020
Total Views: 95

Thursday, April 23, 2020
Stock photo shows an oil tanker at a terminal
News

Forced to Store Fuel at Sea, Oil Refiners at Breaking Point

By Jack Wittels, Firat Kayakiran and Javier Blas (Bloomberg) — Oil refiners are hunting for vessels to store jet-fuel and gasoline that nobody is

April 23, 2020
Total Views: 163

Wednesday, April 22, 2020
Traders Chase Storage Space in World Awash with Oil
News

Traders Chase Storage Space in World Awash with Oil

By Ron Bousso, Stephanie Kelly and Laura Sanicola LONDON/NEW YORK, April 22 (Reuters) – Oil traders are struggling to find enough ships, railcars,

April 22, 2020
Total Views: 61

tanker underway at sea from the bridge
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

April 22, 2020
Total Views: 68

Tuesday, April 21, 2020
taanker
News

Oil Meltdown Widens With June Plunging Below $10 a Barrel

By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged

April 21, 2020
Total Views: 90