The future of U.S. crude oil exports will be aboard Very Large Crude Carriers. More commonly known as VLCCs, the supertankers can carry 2 million barrels of crude oil in a single shipment, making them ...

A Sri Lankan Navy boat sprays water on the New Diamond, a very large crude carrier (VLCC) chartered by Indian Oil Corp (IOC), that was carrying the equivalent of about 2 million barrels of oil, after ...

The oil supertanker Skipper that was seized by the U.S. near Venezuela this week as part of an increased pressure ...

Moda Midstream has started loading its first supertanker at the Houston company's Port of Corpus Christi export terminal. A Greek-flagged crude oil tanker named the Nasiriyah arrived at Moda's ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. As Saudi Arabia and Russia began an all-out oil price war for market share, ...

No impact on VLCC rates yet from Hurricane Harvey, even as rates for smaller product tankers double. Freight rates for very large crude carriers (VLCCs) on Asian routes continue to sink on a glut of ...

Rising crude supply from OPEC+ and South America and a marked increase in longer-haul routes have hiked freight rates for supertankers, the so-called very large crude carriers (VLCCs) capable of ...

Supertanker rates reached record levels earlier this year. Very Large Crude Carrier rates have plunged to just $38,000 per day, falling some 62% from a few weeks ago. OPEC+ cuts and waning SPR ...

Wednesday fixture lists showed that VLCC owners had rallied in the wake of supertanker alliance Tankers International, following its example by pinning down deals at levels more than a third up on ...

The Nigerian Navy (NN) on Wednesday night confirmed the arrest of a supertanker, MV HEROIC IDUN by Equatorial Guinea forces over alleged crude oil theft in Nigeria. The Nation exclusively reported the ...

The Port of Corpus Christi is already one of the country’s main oil export hubs, but they’re facing competition from Dutch company Trafigura. Both want to build a supertanker facility in the Coastal ...