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

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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.

"Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," ...

"Work is underway to clear oil near the rear part of the Volgoneft-239 tanker," the ministry added. A total of 1,236 tons have been gathered. In addition, efforts continue to create an artificial ...

The shadow fleet in fact isn't all that shadowy. The ships don't hide their stops at Russian oil terminals. Some have direct connections to Russia.

The incidents contributed to mounting European fears of sabotage, as NATO officials accuse Russia of a growing ...

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 ...

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

The size and scope of new U.S. sanctions on Russia sent oil prices spiking on Monday, and both Brent and WTI have retained ...