Business
Disabled oil tanker adrift in Baltic Sea being towed eastwards
A loaded oil tanker that lost the ability to manoeuvre in the Baltic Sea near the German island of Rügen was being towed almost 25…
Tag
Oil
Business
German tug secures 'shadow fleet' oil tanker adrift in Baltic Sea
German rescue teams have managed to secure towing lines to a loaded oil tanker that lost the ability to manoeuvre in the Baltic Sea near…
Fashion
Oil settles up 1% as cold weather in US, Europe drives winter fuel demand
OIL prices rose more than 1 per cent on Thursday (Jan 9) as cold weather gripped parts of the United States and Europe, boosting winter…
Business
Putin seeks to remove two wrecked oil tankers from Kerch Strait
Russian President Vladimir Putin has called for two wrecked tankers to be lifted out of the Kerch Strait to prevent an oil spill from…
Fashion
China’s Shandong Port, entry point for most sanctioned oil, bans US-designated vessels
SHANDONG Port Group has banned US-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent…
Business
Oil tanker's anchor recovered by Sweden after Baltic cable damage
The anchor of the Eagle S oil tanker has been recovered from the bed of the Baltic Sea during an inquiry into the ship's possible…
Fashion
Oil prices ease as weak economic data offsets higher US winter storm heating demand
OIL prices eased in volatile trade on Monday (Jan 6) as some bearish economic news from the United States and Germany offset bullish…
Culture
China oil refineries face reckoning as Beijing tackles overcapacity
CHINA’S independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on…
Business
More than 30 dolphins have died since an oil spill in Russia, experts say
Thirty-two dolphins have died since fuel oil spilled out of two storm-stricken tankers three weeks ago in the Kerch Strait, which…
Culture
Oil extends rally as bullish momentum overpowers China woes
Oil extended a rally that has brought it to the highest in more than two months as shrinking US crude stockpiles and a risk-on tone in…
Business
Russia-appointed officials in Crimea declare emergency as oil spill reaches Sevastopol
Russia-appointed officials in Moscow-occupied Crimea announced a regional emergency on Saturday, as oil was detected on the shores of…
Fashion
Oil heads for weekly gains on colder weather, Chinese policy support
OIL prices rose on Friday (Jan 3), closing the week higher on the back of cold weather in Europe and the US as well as additional economic…
Business
Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches
Russian officials warned of severe environmental damage Wednesday as thousands of people came out to clean up tons of fuel oil that…
Culture
Oil prices post 3% annual decline, slipping for second year in a row
OIL prices fell around 3 per cent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China’s…
Culture
Oil inches lower in thin trade, investors eye China, US data
OIL prices slipped lower on Monday (Dec 30) in thin holiday trade ahead of the year-end as traders awaited more economic data from China…
Culture
Oil settles up over 1% on large draw from US crude stocks
OIL prices settled more than 1 per cent higher on Friday (Dec 27) and recorded a weekly gain in low trading volume ahead of year-end,…
Fashion
Oil prices ease as markets weigh China stimulus hopes
OIL edged lower on Thursday (Dec 26) in light holiday trade as the US dollar’s strength offset hopes for additional fiscal stimulus in…
Fashion
Oil prices edge higher on hopes for more China stimulus
OIL prices edged higher on Thursday (Dec 26) in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world’s…
Culture
Oil prices ease on surplus concerns, US dollar strength
OIL prices edged lower on Monday (Dec 23) in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a…
Culture
Oil prices firm on hopes of US policy support for economic growth
OIL prices inched higher on Monday (Dec 23), along with other risk assets, after US data showed cooling inflation, reviving hopes of…
Business
A race is on to clean up shorelines off Crimea after tons of oil spills from damaged Russian ships
Cleanup continued in the Kerch Strait near Russian-occupied Crimea on Sunday, a week after at least 3,700 tons of low-grade fuel oil…
Fashion
Oil steady as markets weigh Fed rate cut expectations, Chinese demand
Oil prices were little changed at their settle on Friday (Dec 20) as markets weighed Chinese demand and interest rate-cut expectations…
Culture
Trump threatens tariffs if EU doesn’t buy more US oil and gas
PRESIDENT-elect Donald Trump warned the European Union that its exports will get hit with US tariffs if its member states don’t buy more…
Fashion
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing of monetary policy,…