Two Russian Urals Tankers Divert 1.4 Million Barrels to Indian Ports
Two tankers carrying Russian crude initially to East Asia have now diverted to India, Bloomberg has reported, as Asia grapples with an oil supply crunch amid the Strait of Hormuz…
Dozens of Asia-Flagged Oil Tankers Stranded near Strait of Hormuz
Dozens of Indian and South Korean oil tankers and more than 1,100 crew are currently stranded in and around the Persian Gulf as the critical chokepoint the Strait of Hormuz…
Asian LNG Prices Fall on U.S. Plan to Secure Hormuz Strait
Asia’s spot LNG prices fell on Thursday from the three-year high hit on Wednesday after U.S. President Donald Trump pledged the United States would “immediately” provide “political risk insurance and…
Exxon Ships U.S. Gasoline to Australia
Exxon has scheduled its first-ever gasoline shipment from the U.S. Gulf Coast to Australia amid a global fuel export crunch because of the war in the Middle East. The shipment…
China Halts Fuel Exports Amid Global Market Squeeze
China has told energy companies to suspend new fuel export contracts and try to cancel already arranged fuel shipments abroad as global fuel markets tighten amid the Middle Eastern war…
