Following nearly 10 years of relative price stability, shipping rates for crude oil tankers have fluctuated widely since mid-2018. The US Energy Information Administration (EIA) estimates that an ...

Floating storage could hit tanker markets this year, with the potential to boost earnings even further than initially forecast. The US Energy Information Administration (EIA) said inventory builds ...

Oil and refined product tankers have seen a substantial increase in demand for floating storage, sending charter rates to record levels—the result of a significant oversupply in the oil market. Oil ...

There has been more than enough written about the woes of various segments of the oil industry and related industries so far this year. But there is one industry that actually thrived during the worst ...

It costs traders more than $200,000 a day to ship liquefied natural gas in the Atlantic basin, per Bloomberg. Daily charter rates to ship LNG for October and November are at $206,750 and $284,750, ...