A legal claim from one of the world’s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the heart of it.

(Bloomberg) -- US oil cargoes transiting the Panama Canal are close to a four-year high as Asian refiners rush to import American crude in lieu of Mideast supplies strangled by the weeks-long disruption to Strait of Hormuz shipping. US oil exports via the ...

Tankers transporting Russian oil through the Baltic Sea have begun avoiding Sweden's territorial waters after Swedish authorities started boarding vessels at sea to inspect documentation. Source: Bloomberg Details: Vessel-tracking data collected by Bloomberg show that since 7 April,

Higher oil prices linked to the Iran conflict pushed Thailand’s inflation to near the top end of the central bank’s target, ending a yearlong stretch of falling prices.

Ukrainian drones have reached remote regions of Russia In April, the number of Ukrainian attacks on Russia’s oil infrastructure reached its highest level since December. This has pushed oil refining down to a multi-year low,

Oil pared a second weekly gain after Iran responded to the latest US amendments on plans to end the war in the Middle East.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First T

Soybean oil contracts fell from their highest in three-and-a-half years, following a slump in crude after President Donald Trump said he would pause US-led efforts to guide ships through the Strait of Hormuz.