The U.S. Treasury said on Thursday it is imposing new sanctions on individuals and tankers helping to ship millions of ...

Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes ...

Sepehr was designated in 2023 but the new sanctions go further by targeting the network underpinning Iran’s oil sales, ...

Oil executives called on Thursday for a return to navigation through the Red Sea en route to the Suez Canal following a halt ...

Stamatis Tsantanis says demand for crude is declining and Iranian supplies can easily be made up for from elsewhere ...

Chinese independent refiners have significantly reduced their crude processing rates due to soaring costs for Russian crude ...

A 33,000-litre tanker carrying automated gas oil, otherwise known as diesel has fallen along the Onitsha-Awka-Enugu ...

The U.S. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to ...

Freight costs have been halved for cargoes of Espo crude moved out of the Kozmino terminal, traders told Reuters. Rates had ...

Oil prices rose on Friday after the US slapped sanctions on individuals and tankers shipping Iranian oil to China. However, ...

The first round of sanctions by US President Donald Trump against several ships carrying Iranian oil falls short of the “maximum pressure” policy that his administration promised, Bloomberg reports, ...