Tankes News

 

Oil Gains More Than $3/bbl After Suez Canal Ship Grounding

Mar 24, 2021

Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.The crude benchmarks, U.S. crude and London-based Brent, added to gains after U.S. inventory figures showed a further rebound in refining activity, suggesting U.S. refiners are mostly recovered from the cold snap that slammed Texas in February…

Logistics News

US Commerce Disorganization Stalls Thousands of Export Approvals

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Russian Oil Vessels Forced to Divert From India Under US Sanctions

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Two CK Hutchison-Operated Ports Near Panama Could See State Partnerships Take Over

Two CK Hutchison-Operated Ports Near Panama Could See State Partnerships Take Over

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