Russia's fleet of supply vessels now makes up just shy of a fifth of global oil tankers operating across the world.

Oil tankers are ships designed for transporting bulk oil and/or its derivative products. Tanker ships can be either crude tankers that transport unrefined crude oil or product tankers that ...

Safety authorities were prevented from “adequately responding” to an 185m-long oil tanker which grounded at the Port of Brisbane due to a lack of clear rules, a report has found. Despite ...

Nigeria’s roads have become a killing field, with fuel tanker crashes and fires claiming thousands of lives over the past 15 years. The statistics are staggering: About 3,445 people, according ...

From there, the crude oil is transported by tanker. Besides its primary role as the most important energy source, crude oil is also an essential raw material for manufacturing plastics.

2-Year U.S. Treasury Note Continuous Contract $102.766 0.008 0.01% 5-Year U.S. Treasury Note Continuous Contract $106.320-0.070-0.07% 10-Year U.S. Treasury Note Continuous Contract $108.781-0.172 ...

He and his partners in 6-year-old Franklin Mountain Energy, or FME, have sold all the company’s oil and gas assets in the oil-rich Permian Basin in New Mexico, for about $2.5 billion to Coterra ...

Companies that run pipelines or own oil tankers are often referred to as midstream since they bridge the gap between the drillers and the companies refining and selling the product to the public.

From there, the crude oil is transported by tanker. Besides its primary role as the most important energy source, crude oil is also an essential raw material for manufacturing plastics.

The 2025 Grammy Awards are almost here. Everyone from Beyoncé to Billie Eilish to Kendrick Lamar are up for awards during what’s sure to be an exciting night of music, tributes and performances ...

However, the continued growth in oil output from West Africa allowed Suezmax tankers to find a new home. However, the mid-1990s have brought about a new threat for the key West African trades ...

The oil industry is driven by booms and busts. Prices rise during periods of global economic strength during which demand outpaces supply. Prices fall when the reverse is true. Meanwhile ...