US sanctions on Russian oil exports and tankers caused a surge in supertanker rates as the availability of tankers to ...

Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased.

The Strategic Petroleum Reserve, which has a maximum capacity of about 700 million barrels, currently stands ... with costs to hire an oil supertanker on key routes to China more than doubling ...

Image by TanyaJoy via iStock The Amor, a Cameroon-flagged vessel known to have transported Iranian oil, has become the first supertanker ... 60 million barrels’ worth of shipping capacity ...

Sri Lanka agrees with China's Sinopec to fast-track $3.7 billion refinery January 22, 2025 Up to 10% of China's oil refining capacity faces ... 2025 Supertanker freight rates jumped after the ...

Indian refiners seek crude after US sanctions disrupt Russia oil supply January 21, 2025 Indian Oil Corp (IOC) , the country's top refiner, has bought 7 million barrels of spot Middle Eastern and ...

“First oil at the Future Growth Project is the latest in a series of development milestones, including in the Gulf of Mexico ...

On Tuesday, Shell booked three Very Large Crude Carriers, capable of carrying up to 2 million barrels of oil ... bringing the cost to charter a supertanker on that route to $4.1 million, said ...

Libya's Minister of Oil and Gas, Dr. Khalifa Abdulsadek, shared plans to increase the country's refining capacity from 300,000 to 400,000 barrels per day (bpd) as part of its long-term strategy to ...