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Oil Shipping Costs Spike, Lifting Prices from Pump to Grocery

15 October 2026 at 18:27
When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million. The same journey would have cost $9.1 million last year, on average.

UK Tightens Russian Oil Sanctions as U.S. Weighs Relief

15 October 2026 at 17:13
Britain has expanded its sanctions against Russia’s oil industry, targeting two more energy companies, a dozen shadow-fleet tankers and financial networks used to move money around Western restrictions. The measures,...

Trump Weighs Lifting Shadow Fleet Sanctions as Tanker Rates Soar

15 October 2026 at 17:06
By Timothy Gardner and Jarrett Renshaw WASHINGTON, Oct 14 (Reuters) – The Trump administration is considering easing sanctions on so-called shadow fleet vessels that have transported oil and petroleum products...

Ship Fuel Market Fragments as Middle East Conflict Hits Trade

15 October 2026 at 14:35
Shipowners are facing an increasingly fragmented fuel market as disruptions triggered by the Middle East conflict raise concerns about the availability and quality of supply.

Seven Sailors Missing as Drones Strike Tankers Near Romania

15 October 2026 at 14:31
Rescuers were searching for seven missing crew on Thursday from one of two chemical tankers that caught fire overnight just outside Romanian territorial waters in the Black Sea, after Russian drones strayed into national airspace, Romanian officials said.
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