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COVID-19 Is Negatively Impacting The Offshore Energy Insurance Sector, But Market Is Beginning To Harden, Says Iumi

COVID-19 Is Negatively Impacting The Offshore Energy Insurance Sector, But Market Is Beginning To Harden, Says Iumi
At session of the IUMI (International Union of Marine Insurance) annual conference, delegates heard that the offshore energy sector was continuing to suffer from a depressed oil price. Reduced demand for oil as a result of COVID-19 has driven down the oil price and...
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Us Watches Iranian Fuel Cargoes To Venezuela, Keeps Up Pressure On Other Shippers

Us Watches Iranian Fuel Cargoes To Venezuela, Keeps Up Pressure On Other Shippers
US sanctions have deterred all but Iranian tankers from delivering gasoline to fuel-starved Venezuela, and the Trump administration will keep up pressure on the global shipping industry to avoid the trade, a top State Department official said Sept. 16. Elliott Abrams,...
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Recent News

  • Trade growth slump on near horizon
  • Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows
  • Delays for oil tankers in Turkish straits jump to 12 days on weather, security risks
  • Middle East bunker activity mixed in November
  • EIA forecasts U.S. crude oil production will decrease slightly in 2026
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