By hellenicshippingnews Oil prices edged up on Friday after closing at their lowest in months in the previous session as oversupply and disappointing Chinese factory activity dragged on the market. Oil prices in the United States have slumped more than 20 percent in the past six weeks, a slide considered by many traders to constitute […]

It has come to the Club’s attention that a complete ban from further trading to Nigeria, has been placed on some 113 crude oil tankers, some 13 of which are entered with the Association. The Members concerned have been advised directly.. Read full story › Source: http://www.hellenicshippingnews.com/

By hellenicshippingnews Spot premiums for Russia's ESPO blend crude have fallen to their lowest in nearly five years, as ample supplies of rival barrels in the region weigh on fundamentals while demand eases on weaker product cracks. Platts on Tuesday assessed the ESPO M1 premium to Dubai swaps at $1.15/b, after differentials in the spot […]

By hellenicshippingnews Iran will emphasize regaining oil sales it lost due to sanctions over helping to prop up prices once curbs that choked off the nation's crude exports are lifted. The Persian Gulf producer plans to restore output to the level it achieved before the economic curbs crippled production and exports, Oil Minister Bijan Namdar […]