Register now for FREE unlimited access to Reuters.comBEIJING, April 27 (Reuters) - A tanker carrying around one million barrels of bitumen mix was involved in a collision near the Chinese port city of Qingdao during heavy fog, spilling oil into the Yellow Sea, Chinese maritime officials and tanker representatives said on Tuesday.The collision involving the anchored Liberia-flagged tanker A Symphony and the bulk vessel Sea Justice took place at 0850 local time (0050 GMT), A Symphony's manager Goodwood Ship Management said in an e-mail."The force of the impact on the forward port side caused...…Register now for FREE unlimited access to Reuters.comBEIJING, April 27 (Reuters) - A tanker carrying around one million barrels of bitumen mix was involved in a collision near the Chinese port city of Qingdao during heavy fog, spilling oil into the Yellow Sea, Chinese maritime officials and tanker representatives said on Tuesday.The collision involving the anchored Liberia-flagged tanker A Symphony and the bulk vessel Sea Justice took place at 0850 local time (0050 GMT), A Symphony's manager Goodwood Ship Management said in an e-mail."The force of the impact on the forward port side caused...WW…

Register now for FREE unlimited access to Reuters.comBEIJING, April 27 (Reuters) - A tanker carrying around one million barrels of bitumen mix was involved in a collision near the Chinese port city of Qingdao during heavy fog, spilling oil into the Yellow Sea, Chinese maritime officials and tanker representatives said on Tuesday.The collision involving the anchored Liberia-flagged tanker A Symphony and the bulk vessel Sea Justice took place at 0850 local time (0050 GMT), A Symphony's manager Goodwood Ship Management said in an e-mail."The force of the impact on the forward port side caused...…Register now for FREE unlimited access to Reuters.comBEIJING, April 27 (Reuters) - A tanker carrying around one million barrels of bitumen mix was involved in a collision near the Chinese port city of Qingdao during heavy fog, spilling oil into the Yellow Sea, Chinese maritime officials and tanker representatives said on Tuesday.The collision involving the anchored Liberia-flagged tanker A Symphony and the bulk vessel Sea Justice took place at 0850 local time (0050 GMT), A Symphony's manager Goodwood Ship Management said in an e-mail."The force of the impact on the forward port side caused...WW…

By , , CAIRO (Reuters) - The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world’s largest container ships after it ran aground in the Suez Canal.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement.About 30% of global container shipping volumes pass through the canal each day, carrying everything from fuel to consumer goods. The main alternative route for ships travelling between...…By , , CAIRO (Reuters) - The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world’s largest container ships after it ran aground in the Suez Canal.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement.About 30% of global container shipping volumes pass through the canal each day, carrying everything from fuel to consumer goods. The main alternative route for ships travelling between...WW…

By NEW YORK (Reuters) - Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia’s plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56.58 a barrel by after touching its highest level since last February at $56.75. U.S. West Texas Intermediate (WTI) gained 96 cents, or 1.8%, to $53.28.Saudi Arabia plans to cut output by an extra 1 million barrels per day (bpd) in February and March to keep inventories in check.The Saudi cut is part of an OPEC-led deal in which...…By NEW YORK (Reuters) - Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia’s plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56.58 a barrel by after touching its highest level since last February at $56.75. U.S. West Texas Intermediate (WTI) gained 96 cents, or 1.8%, to $53.28.Saudi Arabia plans to cut output by an extra 1 million barrels per day (bpd) in February and March to keep inventories in check.The Saudi cut is part of an OPEC-led deal in which...WW…

By NEW YORK (Reuters) - Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand, and a potential return of Libyan production bolstered oversupply fears.Crude oil followed other equities and commodities markets in turning risk-averse on Monday as rising COVID-19 infection rates in Europe and other countries prompted renewed lockdown measures, casting doubt over economic recovery.“We’re seeing more depressing news on jet fuel demand,” said Gary Cunningham, director of market research at Tradition Energy in Stamford, Connecticut. “We’re...…By NEW YORK (Reuters) - Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand, and a potential return of Libyan production bolstered oversupply fears.Crude oil followed other equities and commodities markets in turning risk-averse on Monday as rising COVID-19 infection rates in Europe and other countries prompted renewed lockdown measures, casting doubt over economic recovery.“We’re seeing more depressing news on jet fuel demand,” said Gary Cunningham, director of market research at Tradition Energy in Stamford, Connecticut. “We’re...WW…