Crude oil prices are falling due to weak economic data from China and uncertainty over the size of the announced economic stimulus. Additionally, the U.S. is expanding sanctions against Iran, targeting its oil tanker fleet.
TotalEnergies SE has expanded its liquefied natural gas (LNG) bunkering fleet to four vessels with a charter agreement with Spanish shipping company Ibaizabal Group.
Curious Minds Corner
Question of the week
What is the term for oil that is found in shale formations and extracted through hydraulic fracturing?