Oil Tankers

By Jonathan Saul LONDON, April 17 (Reuters) – Traders are storing an estimated record 160 million barrels of oil on ships – double the level from

By Ron Bousso and Jonathan Saul LONDON, April 15 (Reuters) – Dozens of tankers holding jet fuel and gasoline are at anchor in sea lanes around

By Roslan Khasawneh SINGAPORE, April 8 (Reuters) – Supertanker freight rates have fallen after last week’s highs as industry participants await the

By Sharon Cho and Alex Longley (Bloomberg) — Oil surged in London as China planned to start buying up cheap crude for its strategic reserves, while the

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

By John Kemp LONDON, March 27 (Reuters) – Global oil storage is filling up rapidly as the coronavirus pandemic reduces consumption by tens of millions of

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

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

By Roslan Khasawneh – SINGAPORE, March 16 (Reuters) – A surge in demand to ship the flood of crude oil unleashed by Saudi Arabia and its OPEC peers

By Alex Longley, Jack Wittels and Firat Kayakiran (Bloomberg) — Saudi Arabia is snapping up more and more oil tankers as the kingdom prepares to flood

By Devika Krishna Kumar and Jonathan Saul NEW YORK/LONDON, March 11 (Reuters) – Saudi Arabia’s national shipping firm, Bahri, has provisionally

By Jonathan Saul and Ron Bousso LONDON, March 11 (Reuters) – Royal Dutch Shell is in talks to charter at least three supertankers to store crude oil at

By Sheela Tobben, Alaric Nightingale and Serene Cheong (Bloomberg) — Saudi Arabia’s biggest tanker company booked a batch of ships to transport the

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

WASHINGTON, March 9 (Reuters) – The Trump administration will soon issue advisories warning shippers, port officials and insurance companies against the

By Serene Cheong, Sharon Cho, Alex Longley and Sheela Tobben (Bloomberg) — Oil’s plunge has revived memories of the 2008-09 recession, when traders

By Gleb Gorodyankin and Polina Devitt MOSCOW/LONDON, Feb 19 (Reuters) – The United States on Tuesday ramped up pressure on Venezuela by blacklisting a

By Humeyra Pamuk and Daphne Psaledakis WASHINGTON, Feb 18 (Reuters) – The United States on Tuesday ramped up pressure on Venezuela by blacklisting a

By Lucia Kassai (Bloomberg) — An oil tanker caught in the crosshairs of the political battle for control of Venezuela is discharging its cargo after a

By Muyu Xu, Shu Zhang and Devika Krishna Kumar BEIJING/SINGAPORE/NEW YORK, Feb 13 (Reuters) – The coronavirus’s effect on energy markets is