Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of ...

Rates for tankers carrying oil also got a boost from increased demand from traders loading Middle Eastern crude grades for Asia. According to the report, Shell had booked two Very Large Crude ...

SINGAPORE, Jan 15 (Reuters) - 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 ...

New U.S. sanctions on Russian oil exports have caused tanker rates to surge and trade to freeze as shippers scramble for ...

In China, newly sanctioned tankers face delays offloading oil despite meeting waiver requirements. Three of them discharged ...

Oil prices saw their first weekly decline of the year with ICE Brent settling a little more than 2.8% lower last week. And this downward pressure has continued in early morning trading today.

Russia is using non-sanctioned vessels and rerouting others to keep oil exports going, maritime data shows, but risks sanctions on even more ships.

Copyright 2025 The Associated Press. All Rights Reserved. In this photo taken from video released by Russian Emergency ...

Oil shipping rates continued their rally Wednesday on expectations of a tightening in global tanker supply from the latest U.S. sanctions on Russia's fleet and traders' demand for ships to load ...

Sources have told Reuters it's on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet. As well as traders' demand for ships to load Middle East oil for ...