Enbridge Inc. has announced plans to spend $1.4 billion US to increase its capacity to ship Canadian heavy oil to the United ...
Geopolitical events have affected shipping this year, and in 2026, there are several developments worth watching.
State-run oil marketing companies in India have reduced their ship requirements from 112 to 59 over the next 15 years, ...
U.S. shipping company Overseas Shipholding Group, Inc. (OSG) on Thursday announced it has reached an agreement with BP Oil Shipping Company to purchase the Jones Act compliant crude oil tanker ...
SUMMIT, N.J.--(BUSINESS WIRE)--Breakwave Advisors in partnership with ETF Managers Group LLC (ETFMG®), announced that the Breakwave Tanker Shipping ETF (NYSE Arca: BWET) will begin trading today on ...
President Trump has launched a second round of sanctions on Iran with the goal of cutting the country’s oil exports to zero, particularly to China, its biggest customer. This “maximum pressure” ...
In its latest Short Term Energy Outlook, the EIA said Wednesday that it expects international benchmark Brent crude to average $55 a barrel in 2026, up from its previous forecast of $52 a barrel. The ...
China’s retaliatory port levies are exposing oil shipping companies to hefty fees, making them scramble for relevant paperwork, and contributing to delays, cancellations and spiraling freight costs.
Plenty of vertical industries will see increases in volatility when and if oil prices begin to move away from the cyclical lows they currently trade at. While some investors might see volatility as ...
A Marshall Islands-flagged oil tanker sailing from the United Arab Emirates to Singapore made a sudden course change and was heading toward Iranian territorial waters, British maritime security firm ...