U.S. and EU sanctions on Russia’s dark fleet and Iran are removing tankers from circulation, driving up VLCC demand. Jefferies: sanctions sideline about 15% of the global fleet. ADNOC L&S is aggressively expanding, recently acquiring […]
Swiss-based offshore driller Transocean has won one new contract and one extension for two of its rigs. The first of those deals was awarded to the 2016-built Transocean Enabler semisub by Norwegian energy major Equinor. […]
Singapore shipyard group Seatrium has signed a memorandum of understanding with energy giant BP for a second floating production unit project in the US Gulf of Mexico. Under the agreement, Seatrium would carry out the […]
Crude oil reclaimed the 50-Day MA at $72.83, signaling strength. Watch resistance between $74.60-$74.89 and potential support at $70.91. Crude oil further confirmed the recent swing low of $70.91 as support. On Tuesday, crude triggered a […]
With reports swirling that the European Union is contemplating seizing ageing substandard shadow tanker tonnage transiting through the Baltic, Alexey Zhuravlev (pictured), first deputy chairman of Russia’s State Duma Committee on Defence, has vowed retaliation. […]
Pavel Sorokin, Russia’s first deputy energy minister, said supplies to India, a key market for Russian crude, will continue despite Western pressure Russia will continue supplying oil to global markets despite sanctions pressure, First […]
U.S. sanctions against Russia’s oil exports and trade should not hinder Russian energy trade with India, Russia’s first deputy energy minister, Pavel Sorokin, said on Tuesday. Indian refiners are scrambling for alternatives after the U.S. […]
BP (NYSE: BP) on Tuesday pledged to fundamentally reset its strategy as it booked its lowest annual and quarterly profits in years and seeks to push up its stock performance and regain investor trust. “Building […]
Crude has six times more water than industry standard Pemex was hit with complaints and demands for discounts US oil refiners along the Gulf Coast are snubbing shipments from Mexico and instead turning to Colombia […]
The new U.S. Administration’s maximum pressure campaign on Iran will fail – again – and will not achieve its goal to drive the Islamic Republic’s oil exports to zero, Iran’s Oil Minister Mohsen Paknejad said […]
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