On the night of Dec. 15, 2024, two Russian oil tankers, Volgoneft-212 and Volgoneft-239, sank in the Kerch Strait, a narrow ...

Oil tankers are ships designed for transporting bulk oil and/or its derivative products. Tanker ships can be either crude tankers that transport unrefined crude oil or product tankers that ...

The "shadow fleet" comprises often aging, uninsured ships that aim to evade sanctions on Russian energy exports.

From there, the crude oil is transported by tanker. Besides its primary role as the most important energy source, crude oil is also an essential raw material for manufacturing plastics.

From there, the crude oil is transported by tanker. Besides its primary role as the most important energy source, crude oil is also an essential raw material for manufacturing plastics.

Companies that run pipelines or own oil tankers are often referred to as midstream since they bridge the gap between the drillers and the companies refining and selling the product to the public.

Safety authorities were prevented from “adequately responding” to an 185m-long oil tanker which grounded at the Port of Brisbane due to a lack of clear rules, a report has found. Despite ...

The real-time price of Brent crude oil is at $74.91 per barrel, and the price of WTI crude oil is at $71.44 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...

2-Year U.S. Treasury Note Continuous Contract $102.766 0.008 0.01% 5-Year U.S. Treasury Note Continuous Contract $106.320-0.070-0.07% 10-Year U.S. Treasury Note Continuous Contract $108.781-0.172 ...

The oil industry is driven by booms and busts. Prices rise during periods of global economic strength during which demand outpaces supply. Prices fall when the reverse is true. Meanwhile ...