A Ukrainian drone strike set ablaze a Russian fuel storage facility in the Crimean port of Sevastopol early on Saturday, sending a vast column of black smoke into the sky in the latest attack on the Russia-occupied peninsula.The city's Moscow…
Oil loadings from Russia's key western ports in April will rise to the highest level since 2019, above 2.4 million barrels per day (bpd) despite Moscow's pledge to cut output, trading and shipping sources said.Russian crude exports and transit from the ports of Primorsk…
Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after an arbitration case ruled Ankara owed Baghdad compensation for unauthorised exports.The March 23 arbitration ruling by the International…
Russia's second-largest oil producer Lukoil has set up ship-to-ship (STS) loadings of Urals oil near the western port of Kaliningrad, Refinitiv Eikon data showed and trading sources told Reuters on Wednesday.The data shows 100,000 tonnes of…
Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock…
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow's flagship Urals grade held below an international price cap, according to market sources and Eikon data.The Group of Seven nations (G7), Australia…
Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed.PDVSA's new Chief Executive Pedro Tellechea put the move in place this month…
Portfolio investors have piled into petroleum futures and options at the fastest rate since the first successful coronavirus vaccines were announced in late 2020.China’s exit from a zero-COVID strategy, along with hopes the global economy can avoid a recession and low oil inventories…
Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis.China's crude…
A shipping channel snafu is slowing Chevron Corp’s efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said on Wednesday.Washington in November authorized the last major U…
Yemen's Houthis attacked al-Dhabba oil terminal in Hadhramaut province on Monday, the group and Yemen's internationally recognized government said.The Iran-aligned Houthis fired a projectile from a drone that landed at the entrance of the terminal…
Cuba is using a combination of ship-to-ship transfers and floating oil storage to ease fuel scarcity and power cuts following a fire that destroyed a portion of its main oil terminal, vessel tracking data showed.Cubans have endured daily blackouts…
Massive clouds of steam rose from Cuba's largest fuel depot in Matanzas on Wednesday as firefighters, helicopters and boats poured water and foam on the smoldering remains of the largest fire in the island's history.Black charcoal covered with white ash remained red hot after the flames died down…
U.S. crude shippers are exporting huge amounts of oil to meet strong demand from Europe following Russia's invasion of Ukraine and subsequent sanctions against Moscow. In coming years U.S. oil may find even more buyers overseas, but that could test the capabilities of U…
Venezuela's oil exports last month fell to the lowest level since October 2020 as repairs at the country's main oil port added to delays shipping cargoes, documents from state-run PDVSA and vessel tracking data showed.Exports from the U.S.-sanctioned…
