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CRUDE OIL TANKER
First time in decades Iraq set to move its oil beyond the Strait of HormuzIraq's Oil Tankers Company has recently arranged for a Very Large Crude Carrier to transport oil. This shipment of 2 million barrels is sig...- Despite G7, fuel inflation will remainG7's recent decision to release 100 million barrels of oil from reserves is unlikely to significantly alleviate fuel inflation as it overla...
- Charting the global economy: US employment growth moderatesThe labor market in the US revealed sluggish growth in September, with only 29,000 jobs added, alongside a significant deceleration in wage...
- Iran offers to allow nuclear inspectors if sanctions are easedIran's foreign minister Abbas Araghchi proposed nuclear inspectors' access to bolster stalled peace talks with the US. While discussions co...
- India oil refiners change tactics and hire ships to cross HormuzIndian oil refiners are now hiring tankers to pick up crude oil within the Persian Gulf. This approach helps cut costs and secure supply ch...
- Oil Price Today (October 1): Crude oil at $98 as investors assess supply recovery, peace deal talks. What are analysts saying?Brent crude was trading near $98 a barrel after touching $104 during Wednesday’s intraday trade. West Texas Intermediate (WTI) for November...
- Oil prices barely changed as investors assess US-Iran peace talks and Gulf exportsOil prices exhibited notable stability during the early trading hours in Asia as traders closely monitored the US-Iran peace discussions fo...
- Why is oil at $100 if Trump is winning the battle in Hormuz?The US appears to have gained the upper hand in the battle over the Strait of Hormuz, with allied crude exports recovering to about 80% of ...
- Oil Price Today (September 30): Crude oil at $104 as Trump rejects easing Iran sanctions. What are experts saying?Brent crude futures rose $1.14, or 1.11%, to $103.73, while US West Texas Intermediate crude gained 15 cents, or 0.30%, to $89.50 a barrel....
- Oil climbs after Trump denies he is willing to ease sanctions on IranOil prices surged following US President Donald Trump's clear stance of not easing sanctions on Iran. Meanwhile, Qatar voiced optimism for ...
- Global Market: VLCC rates hit record as Saudi crude flows jumpSaudi Arabia’s increased crude shipments through the Strait of Hormuz have pushed ship-to-ship transfer operations in the Gulf of Oman to c...
- Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilitiesOn Friday, oil prices took a small dip after a week marked by fluctuations. Brent crude prices lowered to $105.85 per barrel, while West Te...
- Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mountingIran's closure of the Strait of Hormuz initially raised concerns about soaring oil prices impacting the global economy. However, Gulf produ...
- Shipping traffic via Strait of Hormuz stays below 10-day average, data showsOn September 23, three commodity vessels transited the Strait of Hormuz, which is lower than recent averages. A LNG tanker, Al Mafyar, was ...
- US wants to redraw Gulf’s energy map with a $5 billion bet beyond Hormuz: ReportThe United States proposed a $5 billion fund for Middle Eastern energy infrastructure. This initiative aims to reduce reliance on the Strai...
- Oil’s sea lanes get tougher to navigate; India must press Iran to ease Hormuz blockadeSea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...
- Saudi Arabia ramps up Gulf oil exports after pipeline attack, data showsSaudi Aramco recently loaded approximately fourteen million barrels of crude oil onto seven tankers, marking a boost in its Gulf export act...
- Hormuz shuttles keep oil flowing, but at a high costMiddle East oil producers are increasingly using ship-to-ship (STS) transfers off Oman to keep crude exports moving despite disruptions fro...
- World running short of supertankers threatens long-haul oil flowA shortage of supertankers, driven by the US-Iran conflict and a South Korean tycoon's big shipping bet, has pushed freight costs to record...
- US crude shipping costs to China hit record as Middle East war disrupts oil flowsShipping costs for US crude oil to Asia have reached record highs. This surge is driven by Middle East energy flow disruptions and increase...
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