Oil prices jumped six per cent on Thursday, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already…
A tanker carrying about two million barrels of Iraqi fuel oil was struck by a drone in Iraqi territorial waters on Wednesday, port officials said, and British Navy-affiliated UKMTO reported that several merchant vessels in the Persian Gulf had been…
A seafarer was killed in an incident involving the Gibraltar-flagged oil products tanker Hercules Star while at anchorage off Dubai, the vessel’s charterer Peninsula said on Wednesday.
Kuwait Petroleum Corporation is offering the option of ship-to-ship transfers of its crude oil and petroleum products outside the Strait of Hormuz to its buyers for safe transportation to final destinations, a company official said on Wednesday."We are offering the…
Asia, led by China, is expected to buy 70 per cent of Canadian crude oil exports after the country's only pipeline that provides access to the continent expands its capacity by a third by the end of 2028, a Canadian…
Kazakhstan's Ministry of Justice has suspended enforcement proceedings to recover KZT2.3 trillion ($5.06 billion) from the North Caspian Operating Company (NCOC) which runs the Kashagan oil field, Russia's Interfax news agency reported.NCOC, a joint venture between Shell, TotalEnergies, ExxonMobil and…
