The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels are hit with Western sanctions, shipping sources say, though rates could be capped in the second half.

US forces have seized an oil tanker, reportedly named the Skipper, off Venezuela's coast. Satellite imagery and photos reveal the vessel may have fak

The large crude oil tanker seized by U.S. forces on Wednesday (local time) off the coast of Venezuela has reportedly displayed a “clear pattern” of spoofing its location to conceal its true whereabouts, CNBC reported, citing a leading energy consulting firm.