Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.

Time has run out for Chinese technology provider Zhoushan Wison Offshore and Marine, a key partner in Novatek’s Yamal LNG and Arctic LNG 2 projects. The company’s brazen scheme to deliver a large power plant from its Zhoushan yard to the Russian Arctic last fall has now garnered the attention of US officials, resulting in sanctions against Wison and several vessel operators.

China’s trade surplus soared to a record last year, driven by strong exports that boosted the economy but may soon be threatened by the incoming Trump administration.

By Bloomberg News Jan 12, 2025 (Bloomberg) —Chinese exports hit a record high as companies rushed to get goods out the door to make up for sluggish demand at home and...

BUDAPEST, Jan 12 (Reuters) – Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US sanctions on Russia’s oil and gas...

U.S. President Joe Biden's administration imposed its broadest package of sanctions so far targeting Russia's oil and gas revenues on Friday, in an effort to give Kyiv and Donald Trump's incoming team leverage to reach a deal for peace in Ukraine.

(Bloomberg) — An unusually large flotilla of merchant vessels has backed up near Yemen’s Ras Isa port in the Red Sea after Israeli air raids damaged the tugboats needed to...

The 623-foot motor vessel Algoma Verity ran aground in the Delaware River approximately one mile north of Philadelphia’s Benjamin Franklin Bridge on Wednesday evening. The grounding occurred at 6:30 p.m....

Hundreds of Panamanians marched on Thursday to mark the anniversary of a deadly uprising against U.S. control of the Panama Canal in 1964, with some protesters burning an effigy of President-elect Donald Trump who has threatened to retake the vital global waterway.

President Joe Biden is expected to unveil new sanctions targeting Russia's economy this week, according to a U.S. official, as part of measures to bolster Kyiv's war effort against Moscow before Donald Trump takes office

The U.S. Environmental Protection Agency has approved the majority of California’s waiver requests for its controversial Commercial Harbor Craft (CHC) rule, marking a significant shift in maritime emissions regulations despite...

Finnish authorities investigating damage to the critical Estlink2 undersea cable in the Baltic Sea suspect the Russian shadow fleet vessel Eagle S may have dragged its anchor for over 60...