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Oil & Gas Trade
US and Iran on Collision Course Over Oil Shipments to Venezuela
The first of five Iranian oil tankers headed to Venezuela has arrived, amid tension over the possibility the United States could attempt to halt the deliveries.
Oil & Gas Trade
Saudi Oil Rush Threatens to Disrupt Stabilizing U.S. Crude Market
An armada of Saudi tankers brimming with crude heading to American shores is raising concern over storage space just as a U.S. glut shows signs of easing.
SINOPEC
Sinopec Puts China's Largest Petrochemical Port into Operation
China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Reno…
Crude Oil
Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…
Oil & Gas Trade
Refined Oil Product Freight Rates Nearly Double in a Week
Refined oil tanker rates surged this week to their highest level in 11 years.
Oil & Gas Trade
Saudi Arabia may Re-route Tankers if U.S. Imposes Crude Import Ban
Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports …
SINOPEC
LNG Tanker Maran Gas Vergina to Discharge First US Cargo in China in 13 Months
The tanker Maran Gas Vergina has arrived in China with the first delivery of US liquefied natural gas in 13 months.
Oil & Gas Trade
Guyana Officially Becomes Oil Exporter
The world’s newest oil frontier, Guyana, has officially shipped its very first batch of crude oil on Monday, according to TankerTrackers.com—a major oil-first…
Crude
Guyana celebrates first oil
THE Yannis P, a Marshall Islands-registered crude oil tanker will this weekend lift the first one million barrels of crude from the Stabroek Block offshore Guya…
U.S. Renews Waiver on COSCO's Dalian Tanker Unit Hit by Iran Sanctions
The Trump administration on Thursday renewed a waiver for companies to wind down transactions with the Dalian unit of a Chinese tanker company on which it had i…
Crude
Iran Releases Photos of Damage to Tanker Attacked in Red Sea
The National Iranian Tanker Co. released photos of damage to the hull of the Sabiti oil tanker, hit in an alleged missile attack off the coast of Saudi Arabia i…
Oil & Gas Trade
Iran Works to Reroute Oil Exports Away from Strait of Hormuz
The oil terminal project would allow Iranian tankers to bypass the Strait of Hormuz and load their oil cargoes at the Jask port terminal, east of the strait.
Oil & Gas Trade
Iran Accuses Saudi Arabia of Attack on Oil Tanker in Red Sea
Iran said missiles that struck one of its oil tankers in the Red Sea probably came from Saudi Arabia, marking the latest escalation in a tit-for-tat conflict be…
Oil & Gas Trade
Exxon Mobil Bars Use of Oil Tankers Linked to Venezuela -Sources
Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, put…
Oil & Gas Trade
British Tanker Docks in Dubai After Detention by Iran
A British-flagged tanker that was detained by Iran for 10 weeks, docked in Dubai on Saturday, after a standoff that has stoked tensions along a vital global shi…
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