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Tanker rates extend rally on sanctions, demand to load Mideast oil, products
Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet and traders' demand for ships to load Middle East oil for Asia,
Nymex Overview: Oil and Products Rally on Supply Concerns Over U.S. Sanctions -- OPIS
U.S. crude-oil futures rose more than $1, helped by robust distillate heating oil demand amid a winter blast in U.S. and Europe and as the energy market focused on possible supply disruptions because of tough U.S. sanctions on Russian petroleum exports.
Russian Oil Products Trapped at Sea by US Sanctions, LSEG Data Shows
Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday. On Jan. 10, new Russia-related sanctions targeted more than 180 vessels and insurance companies,
500,000 tonnes of Russian oil products stuck at sea due to US sanctions, Reuters reports
LSEG (London Stock Exchange Group) data released on Wednesday show that almost 500,000 metric tonnes of Russian oil products are stuck on tankers under US sanctions. Source: Reuters Details: On 10 January,
22h
US crude oil stocks excluding SPR fall to 2-year low, EIA says
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as ...
Legit on MSN
12h
Oil marketers reveal why petrol prices increased again
Filling stations across Nigeria have increased their prices again in response to the soaring global crude oil cost, which ...
Rigzone
3d
Crude Oil Market Has Come Alive
After such a sleepy period from October to December, the crude market has come alive. That’s what Chris Weston, Head of ...
The Punch Newspapers
3d
Fuel prices may rise as crude nears $80/barrel
The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global ...
Legit on MSN
3d
Why petroleum product prices may rise as crude oil increases
The price of Brent crude has risen in the international market, signalling the possibility of petroleum product price increase in depots across Nigeria.
Crude Oil Prices
11h
Alberta Vows Fight Against Federal Oil Export Curbs
Canada's oil province, Alberta, opposes the federal government's plan to restrict oil exports in response to a potential US ...
1d
on MSN
Why oil tanker rates are surging again this Wednesday
Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased.
1d
EIA sees crude output increasing in 2025, 2026
The U.S. Energy Information Administration published its first forecasts for energy production, consumption, and prices through 2026 in its ...
legit
1d
Nigeria Headed for Another Fuel Price Hike at Filling Stations as Crude Oil Hits $81
Rising global crude oil prices may soon impact the local pump price of petrol in Nigeria, offsetting the recent price ...
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