Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes ...

AP reported that the ship was drifting and on fire about 225 kilometers off the coast of Hodeidah, a port city in Yemen held ...

It took months for salvagers to tow the Sounion away, extinguish the fires and offload the remaining crude oil ... flagged Sounion tanker on Aug. 21 with small arms fire, projectiles and ...

Rates for tankers carrying oil also got a boost from increased demand from traders loading Middle Eastern crude grades for Asia. According to the report, Shell had booked two Very Large Crude ...

Oil tankers are ships designed for transporting bulk oil and/or its derivative products. Tanker ships can be either crude tankers that transport unrefined crude oil or product tankers that ...

According to StanChart, the new restrictions roughly triple the number of directly sanctioned Russian crude oil tankers, enough to affect around 900 thousand barrels per day (kb/d). Whereas it’s ...

Languages: English and Farsi An oil tanker attacked by Yemen's Houthi rebels ... The Sounion, laden with one million barrels of crude oil, posed a significant spill risk after sabotage by the ...

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

On Friday, ten days before Donald Trump takes over, the outgoing president sanctioned about 160 Russian oil tankers. It means about a tenth of the current crude-carrying fleet is under US measures.

On Jan. 10, 10 days before Donald Trump takes over, the outgoing president sanctioned about 160 Russian oil tankers. It means about a tenth of the current crude-carrying fleet is under U.S. measures.