Russia set to increase idled oil refining capacity, boosting exports
Russia plans to take offline 4.0 million metric tons of refining capacity in October, an increase of 67% from an…
Iran oil exports slump to multiyear lows as Tehran braces for retaliation
Iran’s crude export loadings have fallen sharply, according to observed and estimated tanker loadings, as Tehran braces for a potential…
DHT rate guidance underwhelms analysts as VLCC fixed out for a year
US-listed owner slightly ahead of third quarter consensus, but final three months have started slowly
Shell strikes deal for 10 product tankers worth $480m at Chinese shipyard
The oil major is likely to novate the product carriers to leasing houses or shipping companies, sources say
UK crackdown on Russia-linked tankers to be reviewed under pressure from insurers
Maritime minister says review will assess effectiveness of policy after concerns from insurance sector
Hurricane Milton Roars Into Florida’s Gulf Coast
On Wednesday night, Hurricane Milton roared ashore south of Tampa, Florida, bringing high winds and heavy storm surge to a…