Iranian crude builds up offshore as over 30 million barrels float near Malaysia, the highest in more than five years. Trump’s sanctions hit Chinese refiners, slashing Iranian oil imports and shaking ...

Oil prices have climbed in recent weeks, even as a global surplus has left hundreds of millions of barrels floating offshore. On Wednesday, oil prices ended over 4% higher as traders priced in the ...

A shadow fleet is quietly swelling across the world’s oceans, packed with sanctioned barrels from Russia, Iran, and Venezuela. For now, those tankers have kept to the sidelines of the global ...

A growing number of Russian oil ships are idling at sea with no apparent destination. Four ships with at least 3 million barrels of Russian crude have been floating for at least a week, Bloomberg ...

Body found in barrel floating in Cherokee Co. lake News / Jun 29, 2023 / 05:59 PM EDT ...

NEW DELHI, March 5 (Reuters) - Refiners in ⁠India ⁠have started tapping Russian oil ⁠aboard vessels floating off the country's coast to make up for the loss of Middle Eastern crude due to the Iran war ...

Floating storage could hit tanker markets this year, with the potential to boost earnings even further than initially forecast. The US Energy Information Administration (EIA) said inventory builds ...

Oil futures are up about 15% this year, despite a global supply surplus. Hundreds of millions of sanctioned barrels are floating at sea. The offshore surplus does not move prices because it is not in ...