Oil Tankers

Saudi Arabian Oil Co. lowered the cost of its crude to the U.S., where production is the highest in three decades, deepening a selloff that sent prices to the

Suncor Energy Inc will look regularly at the economics of shipping Western Canadian crude from the country's East Coast to markets overseas, Chief Executive

Everyone in the oil market should stop panicking because crude supply and demand will return to equilibrium, OPEC’s Secretary-General

After losing 13 product tankers to Oaktree Capital Management earlier this year, Danish shipowner Torm has entered into an agreement with its 40+ lenders and

Oil tanker Carabobo, bringing Venezuela's first import of crude oil, arrived late on Saturday at the Jose port, where it is scheduled to unload up to 2 million

Houston headquartered Genesis Energy, L.P. announced today that it has agreed to acquire the Jones Act-qualifying MT American Phoenix and two related charters

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker

Frontline Ltd (NYSE: FRO) the Bermuda-based crude oil shipping firm led by board chairman, John Fredriksen has brought on a new CEO to take the company

A laden product tanker remains aground in the middle of the Amazon River for a seventh day following futile attempts to free the

Despite falling oil prices, traders in recent weeks have booked just a few tankers to store cargoes at sea as higher freight costs outweigh any profit play for

The first tanker of imported crude ever bought by Venezuela has sailed from Algeria in a move to reduce costs by the South American state-run oil company

West Texas Intermediate extended its rout from the lowest price in 22 months amid speculation that rising U.S. stockpiles are exacerbating a global glut

Crude oil shipping firms Frontline Management and Tankers International formed a chartering joint venture called VLCC Chartering Ltd to increase their joint

The first U.S. export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking

Nordic American Tankers Limited says that one of its vessels was involved in the rescue of 150 migrants in distress after their wooden boat began experiencing

Rates in the long-range tanker market for transporting oil products softened on Monday as lighter bookings took a toll on

The world’s two biggest palm oil producers cut export taxes on most shipments to zero, seeking to lure buyers amid a global glut in edible oils that sent

Lithuania continues to ready the country’s infrastructure for the upcoming arrival of 170,000 cbm FSRU Independence to the Port of Klaipeda.

In the oil drilling and refining heartland of Texas, the debate over U.S. crude exports is no longer a fight over whether a 40-year ban should be lifted. The

Canada's largest oil and gas producer, Suncor Energy Inc, is shipping its first ever tanker of Western Canadian heavy crude from Canada's East Coast to Europe,