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OPEC monthly report said July global oil freight markets saw extreme volatility from trade-flow disruptions. VLCC spot freight was down 18% MoM but up 432% YoY, near historic highs; Middle East–to–East Asia VLCC rates jumped 731% YoY. Suezmax and Afr

2026-08-12

OPEC monthly report said July global oil freight markets saw extreme volatility from trade-flow disruptions. VLCC spot freight was down 18% MoM but up 432% YoY, near historic highs; Middle East–to–East Asia VLCC rates jumped 731% YoY. Suezmax and Aframax spot rates rose 28% and 44% MoM, with Mediterranean Aframax up 61% MoM. OPEC noted refinery utilization remained above 78%, supported by strong refining margins despite elevated freight.

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2026-08-11

The ACLU and other legal groups asked a U.S. judge to block Trump's latest action to restrict "birthright citizenship".

The ACLU and other legal groups asked a U.S. judge to block Trump's latest action to restrict "birthright citizenship".
2026-08-12

OPEC Monthly Report: Second-hand data shows that OPEC+ crude oil production increased by 1.4 million barrels per day in July, reaching 37.65 million barrels per day.

OPEC Monthly Report: Second-hand data shows that OPEC+ crude oil production increased by 1.4 million barrels per day in July, reaching 37.65 million barrels per day.
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