U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as its storage units fill.”It looks like they’ve likely already cut back their production, …
Iran Reduces Oil Production by 400,000 bpd, Further Cut Back Expected Read More »
Spanish police have seized 30 tons of cocaine from a ship off the Canary Islands and detained its 23-member crew without bail in Europe’s largest-ever bust of the drug, the High Court said on Thursday, more than doubling Spain’s previous record.The Com…
Spain Seizes 30 Tons of Cocaine, Detains 23 Crew Members Read More »
A Chinese-owned oil products tanker was attacked near the Strait of Hormuz on Monday, Chinese media outlet Caixin reported, as President Donald Trump launched a U.S. plan that day to help stranded vessels but suspended it a day later.This was the first…
Oil Tanker Hit Near Strait of Hormuz, US Pauses Assist Program for Stranded Vessels Read More »
The Philippine Coast Guard has accused China of conducting illegal marine scientific research near the oil and gas-rich Reed bank within Manila’s exclusive economic zone in the South China Sea, according to a statement on Thursday.”We will continue to …
Philippines Accuses China of Illegal Marine Research Near Gas-Rich Reed Bank Read More »
Nissen Kaiun-affiliated Puaska Laut cashes in, unlike other shipowners in the sector