Russia suspends oil loadings from Ust-Luga due to storm

Russia has suspended oil loadings from the Baltic Sea port of Ust-Luga due to a storm, a spokesman for oil...

OPEC mulls deeper cuts due to higher than expected US oil output: Zanganeh

OPEC countries are discussing deepening their production cut agreement, Iran oil minister Bijan Zanganeh said...

Cosco and China Shipping merger announcement due within one month

Both Cosco and China Shipping, via their Hong Kong-listed subsidiaries, have intimated that their proposed merger ...

Iraq Says Jump in Oct Basrah Crude Oil Exports Due to Operational Issues

Iraq\'s State Oil Marketing Organization, or SOMO, said Tuesday a sharp jump in its planned exports of Basrah crude oil in October was largely due to operational issues.

BDI hits multi-decade low due to slowdown in Chinese manufacturing

The Baltic Dry Index (BDI) hits a 27-year low of US$522 attributed to a slowdown in China’s manufacturing,...