Tag: oil prices
Fuel Oil Exports Fall To 18-month Low
Fuel oil exports from Fujairah in the UAE slumped to an 18-month low in May.
It is weighed down by plentiful supplies held...
Oil Industry on The Rebound! Experts Assure The Worst Is Over
Oil inventories continue to rise despite facing historical lows.
It will be a while before oil prices could post any palpable improvement.
Brent...
The Whole Oil Market’s Gone Absolutely Nuts!
No takers for jet-fuel and gasoline.
Oil refiners run after vessels to store fuel for future market.
Freight rates to sharply rise in...
Crude Tanker Rates Double As Oil Prices Plummet
The coronavirus outbreak continues to drag on economic growth, and particularly dampen demand for oil products.
Removal of sanctions on a large Chinese...
How Coronavirus Has Affected Global Shipping and Trade?
Major industrial such as Hyundai have stopped their production and this has affected the global supply chain.
This shutdown has been attributed to...
What Caused an Unprecedented Surge in Oil Tanker Revenue?
Oil-tanker earnings surged above the $100,000-a-day marker on the benchmark route as a looming ship-fuel revolution combined with U.S. sanctions to supercharge rates, reports...
Oil Jumps on Reports of Tanker Incident in Gulf of Oman...
Attacks on tanker ships near the world’s busiest sea lane for oil shipments send oil prices sharply higher, partially reversing a deep slump...
Oil Prices Will Be At $ 40 A Barrel In 2016...
The oil prices will remain at the level of $42-47 a barrel in 2016 predicts Lukoil CEO.
The Chief Executive Officer of the Russian oil...
Shippers Prefer LNG To Power Their Vessels
Last month TOTE Inc., a shipper that operates between the U.S. and the Caribbean, launched the World’s second massive container ship fuelled by liquefied...