The U.S. Treasury said on Thursday it is imposing new sanctions on individuals and tankers helping to ship millions of ...

Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes ...

Stamatis Tsantanis says demand for crude is declining and Iranian supplies can easily be made up for from elsewhere ...

Sepehr was designated in 2023 but the new sanctions go further by targeting the network underpinning Iran’s oil sales, ...

Oil executives called on Thursday for a return to navigation through the Red Sea en route to the Suez Canal following a halt ...

Chinese independent refiners have significantly reduced their crude processing rates due to soaring costs for Russian crude ...

Freight costs have been halved for cargoes of Espo crude moved out of the Kozmino terminal, traders told Reuters. Rates had ...

The move follows Donald Trump’s pledge to bring crude exports to zero in a bid to curb Tehran’s nuclear ambitions.

Oil prices rose on Friday after the US slapped sanctions on individuals and tankers shipping Iranian oil to China. However, ...

A 33,000-litre tanker carrying automated gas oil, otherwise known as diesel has fallen along the Onitsha-Awka-Enugu ...

Karachi has witnessed a significant rise in traffic accidents, with 99 major incidents reported in the first 37 days of 2025, ...

DHT Holdings Inc, the Bermudian-based independent crude oil tanker company, has reported a net profit for 2024 of $181.5 ...