Crude oil prices continued to fall on Wednesday as weekly EIA inventories printed larger than expected. Oil is down over 2.5% at 41.83 giving up 1.11 Crude oil prices continued to fall on Wednesday as ...

As demand for oil shrinks amid a global economic shutdown, the resulting supply glut is stretching global storage capacity to its limits, forcing producers to turn to supertankers as backups. The ...

A record 48 oil supertankers are making their way to the US, Bloomberg reported. US crude oil production and exports are booming, while OPEC+ countries have curbed oil supply. US oil exports hit 3.99 ...

Chinese-built supertankers transporting oil into the United States could be forced to pay fees of up to $5.2 million per each port call, according to new guidelines announced by the Trump ...

Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June. Observed Saudi crude exports for this month fell to 5.7 million barrels a day through June 29, the ...

Underwater robots, containment domes, top hats, hot taps, junk shots … the potential fixes to the Gulf Oil Spill sound like they come straight from a cringeworthy disaster flick (or a PR think tank).

As demand for oil shrinks amid a global economic shutdown, the resulting supply glut is stretching global storage capacity to its limits, forcing producers to turn to supertankers as backups. The ...