Tag: crude
Rebounding Russian Oil Flows as India Acquires More Pacific Cargoes
Last week saw a recovery in Russia's seaborne crude flows, with India now making inroads into the country's Pacific exports after absorbing the majority...
Oil Gains As Russian Output Cuts Offset Rising U.S. Inventories
Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United...
Oil Drops 3% As High Inflation Risks Stoke Demand Worries
Oil prices fell by $2 per barrel to their lowest in two weeks on Wednesday, as investors became more concerned that recent data will...
Crude Oil Tanker Company Swings Back To Profit
DHT Holdings Inc, the Bermudian-based crude oil tanker company, has reported net income of $62 million for fiscal 2022 largely owing to a strong...
Oil Shippers Rake In Billions From Russian Oil Trade
While Russia looks to contain the loss of oil revenues as the price of its flagship crude plummeted after Western sanctions took effect, oil...
900 Reasons To Worry About Russian Price Cap’s New Phase
Urals and KEBCO crude oil loadings from Ust-Luga, Russia’s Baltic port, during Feb. 1-10 could increase to 1 million tons from 0.9 million in...
The First Greek Ship Owner To Join Hands With GCMD As...
The Global Centre for Maritime Decarbonisation (GCMD) on Tuesday (31 January) said it has signed an Impact Partnership Agreement with Olympic Shipping and Management...
An Early Peek Into 2023 Oil Market
On a yearly basis, oil prices increased 43 percent in 2022 from 2021
The oil industry’s ability to predict crude prices has been...
Rough Start To 2023 For Dry Bulk, Tanker, Gas, Container Shipping
Spot rates are off to a slower start in 2023 across most shipping segments. The ingredients are in place, however, for a recovery in...
U.S. Oil Refinery Overhauls To Crimp Fuel Output
U.S. oil refiners plan twice as many refinery overhauls this spring as usual, aiming to resume maintenance delayed by the pandemic and by the...