April 3, 2020
Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a...
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Oil
April 3, 2020
Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war,...
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April 2, 2020
Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being sought as land storage sites...
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April 1, 2020
Oil traders across the globe are offering cargoes far in advance as rapidly vanishing demand drives key physical crude prices to multi-decade lows, with some...
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March 30, 2020
Traders have chartered at least five supertankers in the past day with options to store oil at sea as global stocks mount after the United...
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March 26, 2020
Norwegian oil firm Equinor plans to cut investments, exploration drilling and operating costs by around $3 billion to help weather the coronavirus crisis and low...
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March 24, 2020
Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in the process has driven freight costs...
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March 23, 2020
Supply restraint by core-OPEC producers could push second-quarter Brent oil prices up to $30 a barrel, while U.S. measures to support the market could underpin...
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March 20, 2020
After a frantic week that sent crude oil freight rates to record highs amid a bookings bonanza to ship Saudi oil to the world, rates...
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March 19, 2020
After a frantic week that sent crude oil freight rates to record highs amid a bookings bonanza to ship Saudi oil to the world, rates...
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March 18, 2020
The coronavirus outbreak and plunging crude prices are a double blow that leaves Gulf Arab governments with few options to manage fiscal stability while trying...
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March 17, 2020
A surge in demand to ship the flood of crude oil unleashed by Saudi Arabia and its OPEC peers is sending freight rates surging and...
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March 16, 2020
Global observed crude and condensate in floating storage rose to around 70 million barrels at the beginning of this week, having risen by 15% week-on-week...
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March 16, 2020
The credit-hit shipping industry is drawing some comfort from the collapse of OPEC+ and coronavirus-led demand weakness thanks to cheaper marine fuel costs, with prices...
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March 9, 2020
A group of U.K. North Sea oil and natural gas producers face an ambitious government-mandated target to cut their emissions as soon as 2025 as...
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