Aframax oil tankers that serviced crude oil exports from Russia’s western ports are now being redirected to the Russian Far East-China route to service the exports of Russia’s ESPO crude, a favorite with Chinese refiners, Bloomberg reports, citing ...

Russia has increased oil exports by using new tankers and engaging in ship-to-ship transfers. However, despite these efforts, deliveries to clients remain problematic, with loaded vessels forced to remain idle. Details: At least five new tankers that ...

Chinese-built supertankers transporting oil into the United States could be forced to pay fees of up to $5.2 million per each port call, according to new guidelines announced by the Trump administration. The newly announced fees, which were announced as ...

China, the world’s largest importer of crude oil, has been stockpiling it at a rate of close to 1 million barrels daily since the start of the year. Vortexa: 1.2 billion barrels of crude oil are currently at sea, being moved from one place to another.

As the war in Ukraine approaches its fifth year, smashing the Russian oil sector’s business model has emerged as a major priority for Western governments.