Cushing has seen a dramatic increase in its tankage and pipeline connectivity, solidifying its position as the world's ...

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of ...

Crude oil pricespared most of their gains on easing geopolitical tension. It hit a low of $70.20 and currently trading around ...

Tightened U.S. sanctions on Moscow have disrupted a roaring trade in discounted Russian oil to China and India, reviving ...

The American Petroleum Institute reportedly shows a build of 9.04M barrels of oil in U.S. commercial stockpiles, much larger than expected, for the week ending February 7. Gasoline inventories ...

Nigeria’s cost of producing crude oil has risen to about $40 per barrel, a report by the Nigerian Upstream Petroleum ...

Crude shipments from Russia’s Sakhalin Island projects aren’t being discharged after the tankers carrying them were ...

Nigeria’s cost of producing crude oil has risen to about $40 per barrel, a report by the Nigerian ... Many facilities, pipelines, and storage systems are outdated, leading to frequent ...

Russia's oil production may decrease due to U.S. sanctions affecting tanker access and Ukrainian drone attacks crippling ...

The transshipment terminal in eastern Newfoundland that serves as a critical storage facility for offshore oil resumed ...

With a limited supply of sanctions-proof cargoes, discounts for Russian Urals crude to dated Brent have narrowed to $2.50-$2.90 a barrel for March delivery, versus $3-$3.50 before the January ...

A huge and growing amount of Russian and Iranian oil is stuck on tankers worldwide as Western sanctions continue to impede ...