The tanker market’s growing uncertainty is changing the ordering patterns in the 80–120,000 dwt segment, known as the Aframax in crude and LR2 in product tankers. Traditionally, shipowners looking to transport crude oil opted for Aframax tankers, while those focused...

The oil market has so far avoided a full-blown supply shock through inventory drawdowns, rerouted Middle Eastern flows, higher WoS exports and refinery run cuts across Asia. But the market’s uneasy balance also rests on one often overlooked reality: China has yet to...

India’s crude oil imports increased by more than 3% from March to April, reaching 20.08 million metric tons, according to government data from the Petroleum Planning and Analysis Cell. The April imports fell 4.3% compared to the same month last year, when the country...