Declines in Chinese crude imports and needs filled by illicit barrels from Iran and Russia helped hold down VLCC rates ...

US sanctions on Russian oil exports are prompting Russia to redirect Aframax tankers from western ports to the Far East to service exports of ESPO crude to China.

In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight ...

VLCC fleet growth went into reverse last year as crude tanker deliveries hit a 36-year low. Shipowners’ organisation Bimco ...

Bermudian-based DHT Holdings Inc, the independent crude oil tanker company operating in the very large crude carrier market, ...

Just 48 hours after a petroleum tanker explosion at Dikko Junction along the Abuja-Kaduna Expressway in Niger State on Saturday, January 18, 2025, another tanker crashed again, though this time with g ...

The Maini most recently loaded at Kozmino on Jan. 13 and then discharged its cargo in Dongying in China’s eastern Shandong province. The Aframax started hauling Russian oil — exclusively from the ...

West Texas Intermediate (WTI) Oil price declines for the fifth consecutive session, trading near $75.40 per barrel during ...

Just two days after over 90 people were burnt to death in a tanker explosion that also left scores injured in Niger State, residents massed around another fallen truck in another community.The fresh ...

Despite a deadly tanker explosion that killed over 90 people days earlier, residents in Bida town, Niger State, gathered ...

Tuesday closed down -1.99 (-2.56%), and February RBOB gasoline (RBG25) closed down -0.0279 (-1.32%). Crude and gasoline ...

Shortly after Russia invaded Ukraine in February 2022, Canada, the U.K. and the U.S. banned Russian crude and petroleum oil products in an effort to hobble Russia's economy. Later that year, the G7 ...