Supertanker shortage threatens global oil flow as freight costs hit record levels
A supertanker shortage is pushing freight costs for very large crude carriers to record levels, making some long-haul oil shipments…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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Oil Prices Snap Two-Week Rally as Iran Diplomacy Eases Supply Fears
Oil prices fell for a third straight day Friday, ending a two-week rally that had lifted crude nearly 20%. Easing…
Panama Canal Auction Fees Hit Record $5.3 Million as Hormuz Crisis Reroutes Global Shipping
Disruptions at the Strait of Hormuz are spilling into global shipping thousands of miles away, pushing oil and LNG cargoes…
US oil and gas rig count climbs to 595 as production edges lower
The US active rig count rose to 595 this week, with both oil and gas rig counts climbing, according to…
Angola to cut crude oil cargoes to 28 in November, down from 30
Angola will ship 28 crude oil cargoes in November, down from 30 in October, according to a preliminary loading schedule…
