Tag: Oil
May 01, 2025
News
FUJAIRAH REPORT: Oil Product Inventories Hit Lowest Level in One Month
Oil product inventories at the UAE’s Port of Fujairah saw a significant decline of 5.9% in the week ending April…
April 29, 2025
News
Oil Price Predictions Cut Due to Concerns Over Potential Global Economic Slowdown
Oil price forecasts have experienced significant reductions as analysts anticipate weaker demand for the latter part of 2025. This decline…
April 29, 2025
News
Stability in Asia’s Fuel Oil Markets amid Low Trading Activity
The fuel oil markets in Asia experienced stability on Monday amidst a backdrop of limited trading activity. Discussions regarding spot…
April 29, 2025
News
Greek Shippers Reenter Russian Oil Market as Prices Fall Below G7 Cap, Sources Reveal
Greek shipowners are making a comeback in the Russian Urals oil market as prices have dipped below the G7-imposed price…
April 28, 2025
News
Baker Hughes Reports Second Consecutive Week of Rig Additions by US Oil and Gas Drillers
U.S. energy companies have recorded an increase in the number of oil and natural gas rigs for the second consecutive…
April 26, 2025
News
US Seeks to Enhance Offshore Oil Drilling by Relaxing Regulatory Pressure
The U.S. Interior Department announced on Thursday that it has established new guidelines aimed at increasing offshore oil drilling activities,…
April 26, 2025
News
Asia Fuel Oil Spot Premiums Decline as High Inventories Limit Price Gains
Spot premiums for fuel oil in Asia experienced a decline on Friday, primarily due to high inventory levels and modest…
April 26, 2025
News
Weekly Tanker Market Update: Iran’s Strong Oil Exports and Rising Challenges Ahead for 2025
Iran’s oil export strategy heavily relies on Kharg Island, which has accounted for an impressive 96.6% of all shipments and…
April 25, 2025
News
Three Additional Russian Insurers Request Approval from India to Insure Oil Tankers, Sources Report
Three additional Russian insurers have requested approval from India to provide marine insurance for oil shipments destined for Indian ports.…
April 24, 2025
News
Port of Rotterdam Sees Reduced Throughput in Q1 2025 Due to Decline in Oil Products
In the first quarter of 2025, total throughput in the port of Rotterdam experienced a significant decline of 5.8% compared…