Russia has increased oil exports by using new tankers and engaging in ship-to-ship transfers. However, despite these efforts, deliveries to clients remain problematic, with loaded vessels forced to ...

Angola’s Sonangol is said to be returning to HD Hyundai Heavy Industries for suezmax tanker newbuildings. Several ...

European Union and US shipowners have received $6bn from selling at least 230 tankers into the Russian shadow fleet since the invasion of Ukraine in 2022, according to new research. The study by a ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

Listen to Story A convoy of oil tankers was attacked by unidentified armed men in the troubled northwest Pakistan to disrupt the supply of diesel and petrol to Kurram district. (File picture: Reuters) ...

Russia has continued to send cargoes of crude oil to India on tankers that have been sanctioned by the US, Bloomberg reported on Tuesday. This situation presents a crucial test of Moscow’s ability to ...

The oil industry has sounded the alarm over a looming fuel shortage in Lahore due to restrictions on the movement of oil tankers. The Oil Companies Advisory Council (OCAC), representing refineries ...

Two Just Stop Oil protesters have been arrested after disrupting a performance of The Tempest starring Sigourney Weaver in London's West End. Alien star Weaver, 75, was escorted away by staff at ...

Washington imposed fresh sanctions on Jan. 10 targeting Russia's oil supply chain, causing tanker freight rates to soar as some buyers and ports in China and India steered clear of sanctioned ships.

Many of the vessels, specialized tankers, and shuttle tankers transporting Russia’s oil from the Arctic and Far East Pacific fields and production clusters to Asia have now been sanctioned.

NEW YORK (Reuters) -Oil prices fell about 2% to a two-week low on Monday as news of surging interest in Chinese startup DeepSeek's low-cost artificial intelligence (AI) model prompted concerns over ...

In Odesa region, employees of the Tuzly Estuaries National Nature Park have collected up to four kilograms of fuel oil that washed ashore after the accident of Russian oil tankers in the Black Sea.