OilTrade

Oil Traders Shift Focus from China-Made Ships to U.S. Flows Amid Trump’s Tariffs

10 hours ago

In a significant move affecting global oil trading dynamics, many traders are increasingly opting to avoid using China-made oil tankers. This shift is largely attributed to the economic ramifications of tariffs imposed during Donald Trump's presidency, which have altered the landscape for shipping and trade. The prevailing sentiment in the market suggests that these tariffs have made it costlier and more complicated for traders to navigate supply chains that involve Chinese vessels.

UAE Trade Minister Exudes Confidence in Continued Growth of Trade Flows in 2025

2 months ago

In a recent statement that signals robust economic optimism, the UAE Minister of State for Foreign Trade expressed a positive outlook for trade flows in the upcoming year. This sentiment comes in light of the challenges faced during the preceding years, yet the minister believes that the projections for 2025 remain promising and filled with potential. The minister emphasized that both the global market trends and the UAE's strategic initiatives will contribute to sustaining trading momentum.

U.S. Authorities Nab Turkish National in Vast Venezuela Oil Trading Scheme

5 months ago

In a significant crackdown on illicit oil trading, U.S. law enforcement officials have arrested a Turkish national as part of a larger investigation into schemes involving the trade of Venezuelan crude oil. This operation, part of ongoing efforts to impose restrictions on Venezuela’s sanctioned oil sector, has further exposed the lengths to which various individuals and entities will go to navigate the complexities of international sanctions.