News
PDVSA Turns Tankers Into Floating Storage as U.S. Ship Seizures Choke Exports
Dec 23 (Reuters) – Venezuela’s state-run oil company PDVSA has started filling up tankers with crude and fuel oil it has in storage as in...
China Says US Seizure of Ships ‘Serious Violation’ of International Law
BEIJING, Dec 22 (Reuters) – China’s foreign ministry on Monday said the United States’ seizure of another country’s ships was a serious v...
US Pursuing Third Oil Tanker Near Venezuela, Officials Say
Dec 21 (Reuters) – The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told Reuters on Sunda...
U.S. Seizes Second Tanker Near Venezuela
Dec 20 (Reuters) – The United States has intercepted an oil tanker off the coast of Venezuela in international waters, U.S. Homeland Secu...
Opinion: Surging Barrels at Sea Spook Oil Markets More Than Russia or Venezuela
LONDON, Dec 19 (Reuters) – Oil prices slumped below $60 a barrel this week as investors try to make sense of U.S. President Donald Trump’...
China Expands Arctic Container Shipping With Record 14 Voyages in 2025
China significantly expanded its use of the Northern Sea Route (NSR) in 2025, completing 14 container ship voyages between Asia and Europ...
Panama Canal Delivers Nearly $3 Billion to Treasury After Drought Recovery
Strong traffic growth and recovered water levels lifted FY 2025 revenue to $5.7 billion after 2024 drought disruptions. The Panama Canal ...
Container Shipping Faces Oversupply Threat as Record Newbuild Orders Reshape Industry
The global containership industry is bracing for potential market upheaval as the orderbook has swelled to 11.61 million TEU, representin...
Opinion: U.S. Squeeze on Venezuela Oil Won’t Create Global Crunch
Ron Bousso LONDON, Dec 15 (Reuters) – The United States’ tightening grip on Venezuela’s oil exports could strangle the country’s crude ou...