Oil prices have surged dramatically in early 2026, driven by the escalating Iran conflict and fears of Strait of Hormuz disruption. Crude oil surged over the weekend before settling near $84 per ...

Venezuela has chartered its first supertankers since easing US sanctions, boosting crude exports to India as refiners seek discounted heavy oil and diversify away from Russian supplies.

Falling tanker rates have temporarily improved demand for U.S. crude, helping lift benchmark prices as shipping costs to Asia ease. The relief is likely short-lived, with tanker market forecasts still ...

Today, an estimated 900 to 1,500 tankers – perhaps one in five in the world – are part of the global “shadow fleet”, defined by the International Maritime Organisation as “ships that are engaged in ...

U.S. forces seized a sixth oil tanker on Thursday morning, the U.S. Southern Command confirmed. In a predawn raid, Marines and sailors launched from the USS Gerald R. Ford aircraft carrier in the ...

The only oil tankers to leave Venezuela since the arrest of its former leader, Nicolás Maduro, have been bound for the U.S., according to a new report by shipping intelligence firm Kpler. There were ...

The United States is increasing pressure on the elusive “shadow fleet” of oil tankers that has helped fund Russia’s war in Ukraine, seizing over half a dozen vessels in Venezuelan waters in recent ...

The U.S. military has boarded another sanctioned oil tanker, this time in the Indian Ocean after chasing the ship from the Caribbean Sea. “When the @DeptofWar says quarantine, we mean it. Nothing will ...