Crude Oil

Seismic survey companies are likely to be hardest hit by low oil prices and the downturn in exploration and production (E&P) investment, according to Oslo-based energy analyst, Rystad Energy.

Hin Leong Trading and Ocean Tankers have filed for bankruptcy protection with the former revealed to have $800m in losses from oil futures trading.

Floating storage has moved to “unprecedented levels” but with oil output cutbacks agreed how long can the market rally last?

The surge in world oil production that has followed the failure of OPEC+ members to reach a consensus on further supply constraints at their 5 March meeting in Vienna is likely to mean that storage capacity for crude oil and products will run out...

There is an old cliché about “challenges” being just another side of “opportunities” so it goes with tankers.

The tanker market could face short-term headwinds if the impact of the Wuhan coronavirus outbreak on China’s oil demand is similar to that of SARS in 2003, according to brokers Poten & Partners.