Despite production cuts, too much oil heading to Asia -traders Crude being stored in old tankers around Singapore, Malaysia Traders want to be close to China when… Read more “In latest sign of crude glut, ageing supertankers used to store unsold oil”

Tanker firm Frontline, controlled by billionaire investor John Fredriksen, expects a growing number of supertankers to be used for storing crude in anticipation of higher oil prices,… Read more “Tanker firm Frontline expects rise in storage of oil on vessels”

Ultra-low crude prices combined with cheap shipping rates are encouraging a host of exotic new oil trading routes that wouldn’t look out of place in the latest… Read more “Unlikely oil-trade routes arise after global shipping rates sink”

By Henning Gloystein Best known for diving, lagoons and the island that gave the world the name for the bikini swimsuit, the Marshall Islands is now gaining… Read more “How the Marshall Islands became a top U.S. crude export destination”

The U.S. Coast Guard has finalized an interim rule that requires vessels carrying oil in bulk as cargo to carry discharge removal equipment, install spill prevention coamings… Read more “New USCG equipment rule for vessels carrying oil”