Kuwait Petroleum Corp is offering the option of ship-to-ship transfers of its crude oil and petroleum products outside the Strait of Hormuz to its buyers for safe transportation to final destinations, a company official said on Wednesday.'We are offering the STS option for supplying both crude and petroleum products to attract buyers,' Khaled A. Al-Sabah, managing director of international marketing at KPC…
'In 2025, China’s total import of crude oil rose nearly 5% -- 4.9% to 11.6 million barrels per day (mbpd) from 11.1 mbpd in 2024 according to data released by the General Administration of Customs (GACC) in China. Seaborne imports increased an estimated 4…
“The reshaping of global crude tanker markets continued in 2023. In 2022, sanctions shifted Russia’s exports from Europe to Asia while OPEC production cuts in 2023 increased the Americas’ share of exports. Brazil’s oil production increased by…
