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Crude, Oil and WTI
Low oil prices can’t stop the crude tanker boom
Oil prices are in the doldrums but you wouldn’t know by looking at the crude tanker market. Not only are daily spot rates up, there is also a bull market for new-build orders. Shipbuilders are already busy dealing with orders for other types of vessels. Waiting lists are lengthening. This is resulting in a supply squeeze for oil tankers.
Crude oil prices today: WTI prices are down -1.06% today
What is the current oil price today? WTI futures traded at $77.84 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 5.99%. Brent futures traded around $82.61/bbl, a drop of 0.43% in the last 24 hours.
Oil prices edge up on US crude storage and economic data
By Scott DiSavino NEW YORK (Reuters) -Crude prices edged up on Wednesday from a two-month low in the prior session as the market balanced somewhat bullish U.S. economic and storage data against a forecast for weaker global oil demand growth from the International Energy Agency (IEA).
3h
Orcas Strike Again, Sinking Yacht as Oil Tanker Called for Rescue
Retvrn The orcas are back at it again, this time straight-up sinking a yacht near the Strait of Gibraltar. As the New York ...
4d
on MSN
6 Somali pirates nabbed in tanker hijack attempt off North African coast
Six suspected pirates were captured after shooting at an oil tanker in the Gulf of Aden along the coastline of Somalia, ...
2d
Meet The Greek Shipping Billionaires Getting Rich Off Russian Oil
Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of Greek shipping billionaires to ...
3h
on MSN
Barge hits Texas bridge connecting Galveston and Pelican Island, causing partial collapse and oil spill
A barge hit Pelican Island Bridge in Galveston, Texas, on Wednesday, causing an oil spill and closing off road access to the island, officials said.
Tennessean
5h
Barge hits Pelican Island Bridge in Texas, causing oil spill and road shutdown
Vacuum gas
oil
from the barge was visually confirmed in the water ... Earlier this month, Interstate 95 in Connecticut was ...
Greek Reporter
20h
Forbes Uncovers the Greek Tycoons Who Made a Fortune Out of Russian Oil
Greek tycoons made a fortune of transporting Russian oil since the Ukraine invasion says a Forbes magazine report.
Rigzone
1d
New Bloomberg Study Warns of $150 Oil
A recent release sent to Rigzone by Bloomberg Intelligence (BI) warned that, according to a new analysis by BI and Bloomberg ...
TradeWinds
19h
Shift to shadow tanker fleet exposes ‘flawed’ price cap scheme
Western maritime service providers can only become involved in Russian oil shipments if the oil is sold below the cap price ...
Physics World
1d
Sucking up crude oil with laser-treated cork
New research suggests that laser-treated cork could be used to tackle crude oil spills. In a study published in Applied ...
8d
on MSN
Oil tanker engineer admits illegally dumping chemicals off N.J. coast
The chief engineer of a Greek oil ship has pleaded guilty to federal charges related to unlawfully discharging chemicals into ...
4d
on MSN
Crews extinguish oil tanker fire near Troup
TROUP, Texas — Crews extinguished a fire that broke out at a Troup oil tanker Saturday afternoon. According to Nikki Simmons, ...
6d
on MSN
The shadow fleet of oil tankers enabling Russia's war and undermining global sanctions
Despite Western sanctions meant to curtail energy exports and squeeze its economy, experts say Russia is using its so-called ...
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Russia
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