Page 2 - Prejula Prem News Today

By Prejula Prem and Alex Longley (Bloomberg) –The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales. Daily earnings for relatively...

By Jack Wittels (Bloomberg) –For decades, a steady stream of ocean tankers has filed back and forth between a small cluster of ports in northwest Europe and the Baltic Sea. Typically,...

Saudi Arabia cut oil exports sharply this month as the kingdom delivers on an OPEC+ agreement to shore up global crude markets.

By Siddharth Philip and Katie Linsell (Bloomberg) –Almost 2,000 dock workers at Britain’s biggest container ship port plan to strike for eight days this month after failing to reach a pay...

Iran's seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from a region that's a vital source of

By Anthony Di Paola (Bloomberg) — Iran’s seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from a region that’s a vital...

The United Arab Emirates has started shipping rare cargoes of oil toward Europe, where crude buyers are snubbing imports from Russia in the wake of the nation’s invasion of Ukraine.

Even group leader Saudi Arabia did not increase output by as much as allowed by their agreed quota.By Grant Smith and Julian LeeBloombergPublished On

The oil cartel has struggled for months to revive oil supplies halted during the coronavirus pandemic.

By Prejula Prem (Bloomberg) European refiners are planning to send more diesel than usual to the U.S., where inventories of the fuel are low and a cold snap has gripped...