The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia's supplies hit by sanctions head to Asia, ...

(Reuters) -An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island ...

Venezuela's state-run oil company PDVSA has started filling tankers with crude and fuel oil and keeping them in Venezuelan ...

China has delivered its first smart floating production storage and offloading (FPSO) with land-sea integrated operation system, marking a breakthrough in the country's application of the digital twin ...

The volume of oil stored on board ships in Asian waters, which has tripled since September to a 3-yr high, is poised to decline as producers of sanctioned oil slow exports and Chinese refiners ramp up ...

The recent US seizure of a tanker off Venezuela’s coast will have a limited immediate effect on the Chinese market. A significant amount of Venezuelan oil was already headed to China with the country ...

Cuba is using a combination of ship-to-ship transfers and floating oil storage to ease fuel scarcity and power cuts following a fire that destroyed a portion of its main oil terminal, vessel tracking ...

Iran’s oil is increasingly finding its way into floating storage offshore Southeast Asia instead of at customers as a recent raft of U.S. sanctions on tankers shipping Iranian oil has made Chinese ...

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” ...

LONDON (Reuters) - The volume of crude oil held in floating storage globally is now at 25 tankers with 20 of those holding Iranian stocks, the chief executive of Maersk Tankers told the Reuters Global ...