The cost of shipping Russian ESPO crude oil to China has spiked further, rising nearly fivefold compared to pre-sanction ...

In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight ...

US sanctions on Russian oil exports are prompting Russia to redirect Aframax tankers from western ports to the Far East to ...

By Clyde Russell LAUNCESTON, Australia (Reuters) -"This time it's different" is a well-worn cliché that seems to be getting ...

Discounts for Canadian crude exported via the Trans Mountain pipeline and delivered to China in April have narrowed $1-$2 a ...

Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers ...

Oil prices rise as U.S. sanctions tighten supply and seasonal demand surges. Can crude break through $80 and sustain its ...

The amount of oil stranded off the Chinese coast is growing as traders, refiners and shipping companies try to avoid being ...

The cost of shipping Russian ESPO crude to China has more than tripled after the US imposed aggressive sanctions on Moscow’s oil industry last week, with rates expected to climb even higher, according ...

Indian refiners are requesting "delivered at port" pricing from Middle Eastern oil suppliers to mitigate the impact of rising ...

That is the primary driver for the rally (in freight rates)," said Anoop Singh, global head of shipping research at Oil Brokerage. Middle East crude benchmarks rallied for a second session on ...