The United States has seized an oil tanker off the coast of Venezuela, setting off major global attention and raising questions about how the vessel managed to keep its location hidden for weeks. The ship,

Meanwhile, Ukraine targeted a major part of Russia’s energy setup. The attack hit the CPC terminal in the Black Sea- a key hub for Russian oil exports. The strike disrupted crude loading and pushed physical crude prices higher. Ukraine also targeted other Russian energy facilities, adding more tension in the global oil market.

Tanker scarcity, caused by ramped-up oil production and sanctions-disrupted routes, is driving up transport costs and forcing owners to bypass profitable fuel trips for immediate crude loading.

Oil buyers in Asia are demanding deep discounts on Venezuelan crude due to a flood of sanctioned oil from Russia and Iran on offer and to heightened risk of loading in the South American country as the U.

A shortage of supertankers is tightening the market and causing oil tanker charter rates to surge by 467% as new vessels race empty to load crude amid rising supply and sanctions.

Unless wider secondary sanctions are introduced, India is expected to continue sourcing from non-sanctioned Russian suppliers, say experts

Meanwhile, Ukraine continues to strike Russia’s oil refineries and export ports, while Moscow keeps up its bombardment of Ukraine’s gas and power infrastructure. The attacks show no sign of easing while a breakthrough in the US-led peace plan remains elusive.

CASPER, Wyo. — Crude oil could soon hit the rails in a big way in Casper. A Casper-based company and another firm jointly announced plans Tuesday for a rail loading and shipping terminal at the Casper Logistics Hub just north of town. The hub's owner ...

Decklar and its co-venturer Millenium Oil & Gas Company Limited (“Millenium”) are pleased to announce that the required permits have been obtained and loading of crude oil into trucks has recommenced at the Oza Oil Field. The crude will be trucked to a ...

Light crude oil futures break above 50-day MA at $59.67. Fed rate cuts and supply risks fuel rally, but can buyers hold the line? Analysis inside.