SINGAPORE (Reuters) -The latest U.S. sanctions on a major Chinese crude oil terminal have forced refining group Sinopec to divert a supertanker and ask some plants to cut crude processing rates, ...

Rising crude supply from OPEC+ and South America and a marked increase in longer-haul routes have hiked freight rates for supertankers, the so-called very large crude carriers (VLCCs) capable of ...

Supertanker freight rates surged this week and are set to stay elevated on U.S.-China tit-for-tat hikes in port fees and ...

The latest U.S. sanctions on a major Chinese crude oil terminal have forced refining group Sinopec to divert a supertanker and ask some plants to cut crude processing rates, according to ship tracking ...

Charter costs for very-large crude carriers (VLCCs) on the Middle East-China route have surged to the strongest levels since early 2022, as producers in the region ramp up exports. At least six ...

A supertanker carrying a cargo of diesel from the Middle East is en route to the fuel-starved European market. A supertanker carrying a cargo of diesel from the Middle East is en route to the ...

In recent weeks, VLCC rates on the benchmark Middle East-to-China route hit the threshold of $100,000 per day. Tanker owners and shipbrokers expect the strength in the supertanker market to spill over ...