A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles.
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles.
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles.
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage shrinking stockpiles.
A bulk carrier signaled it was Chinese-owned as it transited the Strait of Hormuz this week, highlighting how vessels are trying to ensure safe passage through the waterway during the war in the Middle East.
A bulk carrier signaled it was Chinese-owned as it transited the Strait of Hormuz this week, highlighting how vessels are trying to ensure safe passage through the waterway during the war in the Middle East.
The Iron Maiden was seen switching its destination signal to "CHINA OWNER" while exiting the Strait of Hormuz early Thursday.
Two Russian oil cargoes that had been signaling East Asia as a destination have switched to India, according to ship-tracking data, suggesting New Delhi is becoming more willing to take the crude as the Middle East conflict worsens.
Two Russian oil cargoes that had been signaling East Asia as a destination have switched to India, according to ship-tracking data, suggesting New Delhi is becoming more willing to take the crude as the Middle East conflict worsens.
Tankers Odune (white) and Matari (blue) changed their destinations to India after the Middle East war broke out.
Two Russian oil cargoes that had been signaling East Asia as a destination have switched to India, according to ship-tracking data, suggesting New Delhi is becoming more willing to take the crude as the Middle East conflict worsens.
Two Russian oil cargoes that had been signaling East Asia as a destination have switched to India, according to ship-tracking data, suggesting New Delhi is becoming more willing to take the crude as the Middle East conflict worsens.
Tankers Odune (white) and Matari (blue) changed their destinations to India after the Middle East war broke out.
A container vessel was abandoned after being hit while transiting the Strait of Hormuz, a UK naval group said, as conflict continues to menace commercial shipping in the region.
A container vessel was abandoned after being hit while transiting the Strait of Hormuz, a UK naval group said, as conflict continues to menace commercial shipping in the region.
The Safeen Prestige in 2024. Source: MarineTraffic
Traders were on Wednesday awaiting further details of President Donald Trump’s plan to guarantee the free flow of energy shipments through the Persian Gulf, as the shipping industry warned the proposal may struggle to restore confidence after attacks effectively shut the Strait of Hormuz.
Traders were on Wednesday awaiting further details of President Donald Trump’s plan to guarantee the free flow of energy shipments through the Persian Gulf, as the shipping industry warned the proposal may struggle to restore confidence after attacks effectively shut the Strait of Hormuz.
Just a handful of supertankers are still available for hire in the Persian Gulf, risking a logistical crisis that could force production shut-ins in the oil-rich region and lead to a global supply crunch.
Just a handful of supertankers are still available for hire in the Persian Gulf, risking a logistical crisis that could force production shut-ins in the oil-rich region and lead to a global supply crunch.
Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed off the waterway, upending regional logistics, slowing exports and threatening near-term production.
Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed off the waterway, upending regional logistics, slowing exports and threatening near-term production.
A navy vessel sailing in the Strait of Hormuz,on March 1.
The cost of hauling crude oil from the Middle East to China soared to the highest level on record, as war between the US and Iran disrupts shipping through the Strait of Hormuz.
The cost of hauling crude oil from the Middle East to China soared to the highest level on record, as war between the US and Iran disrupts shipping through the Strait of Hormuz.
A venture that’s taken a dominant position in the global market for oil supertankers is asking for sky-high charter fees to deliver Middle East crude as the Iran war sends rates spiraling upward.
A venture that’s taken a dominant position in the global market for oil supertankers is asking for sky-high charter fees to deliver Middle East crude as the Iran war sends rates spiraling upward.
Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed off the waterway, upending regional logistics, slowing exports and threatening near-term production.
Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed off the waterway, upending regional logistics, slowing exports and threatening near-term production.
A navy vessel sailing in the Strait of Hormuz,on March 1.
The world’s largest maritime insurance mutuals said they will withdraw war risk insurance cover for ships entering the Persian Gulf starting on Thursday, as the industry scrambles to work out how to price the cost of covering vessels sailing into the waterway.
The world’s largest maritime insurance mutuals said they will withdraw war risk insurance cover for ships entering the Persian Gulf starting on Thursday, as the industry scrambles to work out how to price the cost of covering vessels sailing into the waterway.
Three ships were attacked near the mouth of the Persian Gulf, amid signs that tanker traffic through the vital Strait of Hormuz oil-and-gas chokepoint is halting because of conflict in the region.
Three ships were attacked near the mouth of the Persian Gulf, amid signs that tanker traffic through the vital Strait of Hormuz oil-and-gas chokepoint is halting because of conflict in the region.
STRAIT OF HORMUZ - 2 OCTOBER 2024: Satellite view of the Strait of Hormuz, a critical chokepoint for global energy supply, connecting the Persian Gulf to the Gulf of Oman. This vital maritime route facilitates the transportation of goods, including oil and natural gas, between the Middle East and the rest of the world. (Photo by Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2025) Photographer: Gallo Images/Gallo Images Editorial
A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oil next month.
A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oil next month.
Saudi Arabia’s biggest oil shipper provisionally hired at least five supertankers, adding to demand for the giant ships at a time when their booking costs are soaring.
Saudi Arabia’s biggest oil shipper provisionally hired at least five supertankers, adding to demand for the giant ships at a time when their booking costs are soaring.
Rising tensions between the US and Iran have already driven oil prices to a six-month high. Oil traders are watching for any escalation that could disrupt crude production in Iran or prompt its government to block a critical shipping route used by several major energy exporters in the region.
Rising tensions between the US and Iran have already driven oil prices to a six-month high. Oil traders are watching for any escalation that could disrupt crude production in Iran or prompt its government to block a critical shipping route used by several major energy exporters in the region.
Iran's main oil export terminal at Kharg Island in the Persian Gulf. Photographer: Fatemeh Bahrami/Getty Images/Anadolu
The US military has boarded another sanctioned tanker with links to Venezuela after chasing it into the Indian Ocean, as the Trump administration continues to enforce a maritime blockade against the Latin American nation.
The US military has boarded another sanctioned tanker with links to Venezuela after chasing it into the Indian Ocean, as the Trump administration continues to enforce a maritime blockade against the Latin American nation.
Russia is changing its oil supply chain to cope with the growing number of barrels going to China, shifting some shipments from smaller to larger tankers at a new at-sea site for the longer voyage east.
Russia is changing its oil supply chain to cope with the growing number of barrels going to China, shifting some shipments from smaller to larger tankers at a new at-sea site for the longer voyage east.
In this satellite image of the south of the Suez Canal taken on Feb. 16, a VLCC, with a white deck, is seen parked alongside a smaller vessel with a gray deck, suggesting that a ship-to-ship transfer was taking place.
The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and as ownership of the vessels becomes more concentrated.
The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and as ownership of the vessels becomes more concentrated.
Aerial view of Tankers and other vessels waiting off shore Marseille's port in Martigues. JBC estimates that 30 million to 60 million barrels will be stored offshore in the next several months.
Anmelden
