Suez Canal Steps Up Efforts to Remove Blockage, Shipping Rates Surge March 26, 2021 By Nadine Awadalla, Jessica Jaganathan, Roslan Khasawneh and Julia Payne CAIRO, March 26 — The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an...
Oil Eases as Producers, Refiners Avoid Worst of Hurricane August 28, 2020 By Devika Krishna Kumar NEW YORK — Oil prices inched lower on Friday as Hurricane Laura passed the heart of the U.S. oil industry...
Oil Trims Losses on Conflicting Signals About Saudi Recovery September 17, 2019 By David Marino and Sheela Tobben Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks. A...
Gulf Tanker Incidents May Raise Shippers’ Costs, Cut Traffic July 22, 2019 By David Koenig and Frank Bajak Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for...
Oil Tanker Insurance Costs to Jump After Gulf Attacks June 13, 2019 By Julian Lee and Alex Longley The cost of insuring tankers to ship Middle East crude looks set to jump after a second spate of attacks...