Category oil

Three Oil and Two Gas Carriers Clear Hormuz

Two supertankers and an LNG carrier have passed through the Strait of Hormuz this week and are currently en route to their destinations in China and India, Reuters reported today, citing data from Kpler and LSEG. One of the tankers is loaded with 2 million barrels of Saudi

US Strikes On Iran Boost Oil Prices

Oil prices rise after US strikes on Iran Oil prices have increased due to fresh US strikes on Iranian military targets. The jump in oil prices comes after a decline of over 7% earlier in the week. WTI is trading at $90.51, up 2.06%, while Brent crude has cl