Oil Tankers News

News

Oil prices rise as Saudi tanker attack increases supply concerns

Saudi Arabia said that two Saudi oil tankers were among vessels targeted by a 'sabotage attack'Saudi Arabia and the UAE are the largest and third-largest producers

2 min read13 May 2019
Industry

Govt eases oil import rules as it seeks to cut costs

The move will help refiners to boost purchases from alternative sources as Donald Trump prepares to halt Iranian oil sales through a new set of sanctions from 4 November

2 min read25 Sep 2018
Industry

Indian oil refiners issue tanker tenders aimed at boosting domestic shipping

Two oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies that may boost domestic shipping firms

1 min read4 Dec 2017
Industry

IOC to send fuel consignment for Tripura via Bangladesh on 9 September

IndianOil-AOD will move kerosene, diesel from Betkuchi depot in Guwahati to Dharmanagar depot in Tripura in the first consignment through Bangladesh on 9 September

2 min read7 Sep 2016
Industry

Iran tankers set to target India, Europe as clock ticks down on sanctions

Iran plans to lift exports by 500,000 bpd post-sanctions and gradually raise shipments by the same amount again, adding to a glut of global oil

3 min read15 Jan 2016
Companies

Shipping Corp. posts first full-year profit in four years

A more than sevenfold jump in March quarter profits was aided by lower bunker prices and higher rates for crude oil tankers

1 min read22 May 2015
Politics

Nuclear accord could revive India-Iran shipping joint venture

Renewal would be major relief for India, which has struggled to find oil tankers, and Iran, which has been hit by Western sanctions

3 min read6 Apr 2015
Industry

US may skirt oil storage crisis as drivers hit the road

Despite a partial US ban on exporting crude and dwindling storage capacity, this may not be the year that America begins drowning in oil

4 min read31 Mar 2015
Industry

Oil contango seen reviving trading strategy dormant since 2010

The price structure, contango, hasn't translated into vessels being hired for storage so far; analysts says it still needs to get bigger

3 min read15 Jul 2014
Politics

Nato supplies through Pakistan border resume

Nato supplies through Pakistan border resume

3 min read10 Oct 2010
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