U.S. and EU sanctions on Russia’s dark fleet and Iran are removing tankers from circulation, driving up VLCC demand.

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

Harry Vafias; Chief Executive Officer, President & Chairman; Imperial Petroleum Inc. Ifigeneia Sakellari; Interim CFO & Secretary; Imperial Petroleum Inc. Presentati ...

Unless Western governments are ready to accept higher prices, Russia, Venezuela and Iran will continue to evade sanctions ...

Chevron Corp. plans to ratchet up oil exports from Venezuela to a seven-year high as a reset of the country’s relationship ...

By 2024, the country’s oil production had even topped its 2019 levels. The return of large tanker ships to Venezuela’s coast to pick up oil meant that the country’s oil exports were once ...

Ceres I was already notorious. Since June 2023, Lloyd’s List had linked the vessel to the “shadow fleet”. These are vessels ...

Chinese refiners are being offered Russian ESPO crude at discounted prices as rising concerns over U.S. sanctions create ...

A huge and growing amount of Russian and Iranian oil is stuck on tankers worldwide as Western sanctions continue to impede ...

Oil wells roared back to life and massive tanker ships returned to Venezuela’s coast to be filled with heavy, hard-to-refine crude destined for the U.S. Maduro's promised election was neither ...

Venezuela's oil production is rebounding as tanker ships return to its coast, yet Maduro's recent election is criticized for lack of fairness. Things seemed to be looking up for Venezuela in 2022.

Oil wells roared back to life and massive tanker ships returned to Venezuela’s coast to be filled with heavy, hard-to-refine crude destined for the U.S. Maduro's promised election was neither ...