Tag: oil prices

Impact & Regulations

With Red Sea quagmire running unabated, vessel attacks top 23 as oil prices drop down

January 3, 2024

Via: Offshore Energy

With the Israel-Gaza crisis in full swing, the Red Sea, which sees a lot of maritime traffic between Europe and Asia with its connection to the Mediterranean Sea via the Suez Canal, became a flurry of maritime incidents after the […]

Impact & Regulations

Diesel Trades to Dominate the Product Tanker Market

September 29, 2023

Via: Hellenic Shipping News

The product tanker is expected to be impacted by the lack of diesel supplies, after Russia’s decision to ban exports. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “the world’s oil refineries are unable to produce enough diesel, […]


Plunging US Oil Supply Is Driving Up Prices Around the World

September 29, 2023

Via: Transport Topics

Oil buyers across the planet are facing some of the highest premiums for supplies they’ve seen in months — or longer — as dwindling stockpiles at the largest U.S. storage hub reverberate through markets from Asia to the Middle East […]

Impact & Regulations

Shell Reports Record Q1 Earnings as Oil Prices Soar

May 5, 2022

Via: Transport Topics

Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living. London-based Shell […]

Travel & Public Transit

Leave the Airlines Alone

November 11, 2016

Via: strategy+business

The American flying public is up in arms about a new injustice. Thanks to several years of economic growth, more intelligent management, and, especially, sharply lower fuel prices, U.S.-based airlines are killing it. As the New York Times reported, the […]