Iranian oil shipments into China are set to fall in the near-term after new U.S. sanctions on a refiner and tankers, driving up shipping costs, but traders said they expect buyers to find workarounds to keep at least some volumes flowing.Washington…
China’s Iranian Oil Imports Will Slow Under US Sanctions Read More »
Shell has taken a final investment decision (FID) for its deepwater development project in the pre-salt area of the Santos Basin off the coast of Brazil.
The post Shell’s deepwater project offshore Brazil is a go with first Gato do Mato gas due in 2029…
Norwegian-born tycoon remains active in equity markets
John Fredriksen snaps up more DOF shares as holding tops 10% Read More »
Germany seized a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, Spiegel news magazine reported on Friday, citing security sources.The Panama-flagg…
Germany Seizes Russian ‘Shadow Fleet’ Oil Tanker Read More »
Average rates fall by 6% week on week, monthly gains still over 170%
Capesize spot market subdued as market sentiment turns bearish in ‘rollercoaster’ week Read More »