Business, Fuel

Shell’s Storm Damage Pinches One-Sixth of Gulf Oil

Royal Dutch Shell Plc warned that production from two of its largest Gulf of Mexico fields won’t resume until next year after Hurricane Ida inflicted “significant structural damage.”

September 20, 2021
Government, Business, Fuel, Logistics

Oil Traders Snap Up Tankers in Sign Second-Wave Glut Is Near

Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for monthslong charters so that they can be ready to store excess barrels if necessary.

September 11, 2020