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Crude Oil

Highlights
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Oil price shoots up as Russia invades Ukraine
Feb 24, 2022
Global sea trade suffered another major knock this morning as Russia’s invasion of Ukraine drove oil prices up by about 8%, something that will filter through to already sky high bunker prices.
Saudi Aramco's Ras Tanura Port
Houthis attack key Saudi Aramco oil port
Mar 08, 2021
A drone and ballistic missile attack targeted Saudi oil port Ras Tanura on 7 March as part of a wider attack on the kingdom by Yemen’s Houthi rebels.
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Tanker shipping tonne-mile demand down 5% in 2020
Feb 08, 2021
Tonne-mile demand for crude oil tankers has fallen by 5% in 2020 compared to 2019, largely in line with the decline in global oil demand due to the coronavirus (Covid-19) pandemic, according to a recent report by analyst Poten & Partners.
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Tanker shipping outlook looks promising up till 2025
Feb 04, 2021
The medium-term outlook for tanker shipping until 2025 looks promising with a more balanced demand-supply equation, support for demand activity and better earnings, according to a latest report by McQuilling Services.
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