Oil shipping rates soar on U.S. sanctions on Russian fleet, boosting demand for tankers to load Middle East oil for Asia.

Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on ...

Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased.

US sanctions on Russian oil tankers and companies are driving up demand for Middle Eastern oil and causing a surge in global tanker freight rates.

US last week imposed its broadest package of sanctions so far targeting Russia’s oil producers. Read more at straitstimes.com ...

The Group of Seven democracies has sought to crimp Russia’s oil export earnings that help fund the war against Ukraine.

Oil-freight derivatives trading surged to the highest in at least a decade as the Biden administration’s sanctions on Russia ...

The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers, the head of the United Nations' shipping agency ...

The International Energy Agency (IEA) warned that new US sanctions targeting Russia's oil sector could significantly disrupt ...

Dozens of oil tankers have dropped anchor following the Biden administration's sanctions against Russia's shadow fleet.

Venezuelan and Iranian oil have been hit with sanctions by either the U.S., the U.K. or European Union, according to analysis by Lloyd’s List Intelligence. Tanker analytics firm Vortexa estimated that ...