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Freight rates for Russian crude exports out of the Black Sea reached record highs amid Ukrainian drone strikes and a shortage of available tankers. Rising insurance costs and route disruptions are sq…
A major tanker operator reported strong earnings boosted by geopolitical tensions and Strait of Hormuz avoidance, expanding ton-mile demand. Backed by solid charter demand from oil majors and a $3.1 …
Crude oil surpassed $103 per barrel as escalating Middle East conflict threatens global energy supplies. Houthi attacks on Saudi facilities slashed Saudi output by 1.9 million bpd, while Persian Gulf…