As someone currently watching snow freeze to my window, it’s easy to say I’d rather be at the beach. No doubt a lot of us feel that way. Everyone’s ideal trip to the beach is a little different, ...

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

SINOPEC CORP (00386.HK)'s trading arm, Unipec, chartered a number of supertankers last Friday (10th), shoring up the freight rate sharply for each VLCC carrying 2 million barrels of crude oil, report ...

Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased, according to a Reuters report. Rates for tankers carrying oil also got a boost ...

On Tuesday, Shell booked three Very Large Crude Carriers, capable of carrying up to 2 million barrels of oil ... bringing the cost to charter a supertanker on that route to $4.1 million, said ...

Oil-freight derivatives trading surged to the highest in at least a decade as the Biden administration’s sanctions on Russia continued to propel supertanker rates higher. Almost 30,000 crude ...

The Dangote Petroleum Refinery is building eight new storage tanks with a combined capacity to hold 6.3 million barrels of crude oil to store imported crude. According to an exclusive report by Africa ...

This was thanks to Rolex’s new, more efficient Chronergy escapement and high-capacity barrel. Additionally, caliber 3285 is equipped with Paraflex shock absorbers for better durability. These two ...

Oil prices were trading up on Friday before the data release. At 11:23 p.m. ET, the WTI benchmark was trading up $0.59 per barrel (+0.81%) on the day at $73.72, up roughly $3.50 per barrel ...

Dangote Refinery, which has an optimal capacity of 650,000 barrels per day, may resort to crude imports at international market prices if local supply diminishes. The Nigerian Upstream Petroleum ...