Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting.
Libya's Petroleum Facilities Guard (PFG) will
Argentina's state-run energy firm Enarsa has purchased six liquefied natural gas (LNG) cargoes as part of a recent tender from Vitol, Gunvor, Trafigura and Iberdrola, trade sources said.
Nigeria's Forcados crude oil exports are expected to remain halted for at least another month as pipeline repairs continue following a militant attack in February,
Arbitrage opens after ANS discount widen on ample supplies.
Unipec, the trading arm of top Asian refiner Sinopec, has bought two U.S. crude cargoes, including
"Pure" chartering market with little disruption. Rates to hold around W45 for Middle East; W48 for West Africa.
Freight rates for very large crude carriers (VLCCs)
Brent/WTI spread presents window of opportunity; Vitol said to have secured two vessels.
A ballooning spread between the price of U.S. and European oil, coupled with lower shipping costs,
Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia.
Japan's first LNG-fueled ship, Sakigake, which is a tugboat owned by NYK has been recognized with a Technology Special Award at the 2015 Ship of the Year Awards
Chevron Corporation announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a Key Terms Agreement with Singapore Carbon Hydrogen Energy Pte.
Exports of Nigeria's largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator ExxonMobil repairs a leak on the pipeline feeding the terminal,
Tsakos Columbia Shipmanagement (“TCM”) S.A. has strengthened its collaboration with Seagull Maritime AS to bring its in-house ‘Tanker Competence and Promotion Management
Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia over the previous three months, customs data showed on Thursday.
Eiltank Schiffart GmbH & Co KG has placed the order for the repair of the inland waterway tanker vessel Julius Rütgers Shipyard with the shipyard Gerb. Kooiman B.
Ice class Azipod units ready for month long voyage from Helsinki to Asia.
Pictured at Vuosaari habor on the outskirts of Helsinki, these four Azipod units are
Russia says will not coordinate oil output with OPEC; says oil output to reach 542-544 mln tonnes in 2016.
Oil prices edged higher on Wednesday in muted trading
Russia's oil pipeline monopoly Transneft has the capacity to reroute oil from Russia and the Caspian Sea to other destinations if Turkey shuts the Bosphorus or Dardanelles straits,
British oil company BP Plc has chartered a foreign-flagged vessel to transport Alaskan crude, the company said on Monday, the latest sign that producers of Alaskan North Slope,
A protest over wages that has shut the eastern Libyan oil terminal of Hariga has forced the operator of the Sarir oil field to suspend production of 100,000 barrels per day,
U.S. propane buyers cancel cargoes as prices sink. Chinese end-users seek to wriggle out of expensive contracts.
Traders in the liquefied petroleum gas (LPG)
On June 1st 2016, Ms Marianne Lie assumed the position of Executive Vice Chair of Nordic American Tankers Limited (NAO).
Prior to this Ms Lie had served as