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The Iran war has made oil tanker voyages so inefficient that vessel availability has crumbled and freight costs have soared to record-highs, all but erasing the incentive for shipping crude oil from the U.S.…
The US waiver on Russian crude has reduced uncertainty for Indian and Chinese refiners, giving them greater confidence to continue purchasing economically attractive Russian grades while keeping alternative supply optio…
Oil prices rose on Friday, with Brent crude touching its highest since early May, after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East where UAE…
U.S. crude oil exports to Asia are set to hit multiyear lows after the Iran war pushed the cost to lease a tanker for the journey to a record of almost $80 million.
Global average crude freight rates have climbed above $20 per barrel from $3 per barrel a year ago, according to Goldman Sachs analysis released Wednesday. The increase initially started in the very large crude…
India’s crude oil import bill surged 46.3 percent to $90.6 billion during April–September on higher global prices even as volumes remained largely flat from the year-ago period, data from the Petroleum Planning and Anal…
West African crude oil trade for April-loading cargoes has slowed, despite shortages caused by the Iran war, as sellers reserve barrels for their own refineries
Crude oil exports from Saudi Arabia's western Yanbu port rose to nearly four million barrels per day last week, a sharp increase from export levels before the I
Iran tensionsWith shortage looming, Takaichi to convey plan to Trump at upcoming summitJapan hopes to ease reliance on the Middle East, which accounts for 90% of the country’s crude oil, by …
Mounting miscalculations and a retreat to narrow self-interest by major countries, including the United States and China, are threatening to turn the current co
Venezuela this month resumed exports of a key crude grade that had not been shipped since late 2024, diluted crude oil (DCO), with Chevron sending a 500,000-bar
Trading houses and buyers of Venezuelan oil have chartered the first very large crude carriers (VLCC) to export from the South American country since a Caracas-
US refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximise profit
State-owned QatarEnergy has raised the term price for al-Shaheen crude oil loading in April to the highest in five months, several trade sources said on Friday,
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