Worldscale is a unified system of establishing payment of freight rate for a given oil tanker’s cargo. These VLCCs have the capacity to carry around 2 million barrels of oil. The two carriers ...

Nordic American Tankers is a midstream energy play with reliable earnings, which support its ultra-high-yield dividend.

In the final days of Joe Biden’s presidency, the US unveiled its most sweeping and aggressive effort yet to disrupt the oil ...

New U.S. sanctions on Russian oil exports have caused tanker rates to surge and trade to freeze as shippers scramble for ...

Technical problems have severely reduced tanker loadings at the key Russian oil port of Ust-Luga this month. Traders told ...

US sanctions on Russian oil exports and tankers caused a surge in supertanker rates as the availability of tankers to ...

Tankers that used to haul oil from Russia’s western ports are being redeployed to the nation’s east to service a key crude route to China that’s been crippled by sweeping US sanctions.

“First oil at the Future Growth Project is the latest in a series of development milestones, including in the Gulf of Mexico ...

Saudi oil giant Aramco's Chief Executive Amin Nasser said on Tuesday he sees the oil market as healthy and expects an ...

ALBAWABA - Amin H. Nasser, President & CEO of Aramco, stated that the oil market currently remains strong, with oil demand ...