Oil Tanker Market Grapples with Negative Earnings
Negative earnings can arise when the fees that oil companies pay to charter ships don't cover the costs involved.
Negative earnings can arise when the fees that oil companies pay to charter ships don't cover the costs involved.
The future of Nord Stream 2 looks increasingly uncertain.
This photo shows a view from the Gullfaks A platform. Photo by Lone Stormoen. PHOTO SOURCE: Equinor
Oil surged the most in over a week in London as broader markets rallied on expectations of additional US stimulus boosting the economy.
On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter.
Dollars are now so scarce in Buenos Aires that the central bank refused to let YPF buy the full amount it needed to pay notes coming due in March.
Biden's campaign has pledged to cancel the pipeline's license, haunting Canada's oil sands industry.
Chevron and other companies helping to develop Israel's natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt.
The Maersk Developer, above, is already mobilizing for the 500-day combined campaign. PHOTO SOURCE: Maersk Drilling
The American Petroleum Institute has signed a Memorandum of Understanding with the State Oil Company of Azerbaijan Republic.