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China's Crude Imports Surged 25% in July

China’s crude imports surged 25% in July from a year earlier, as massive purchases made while prices collapsed in April arrived and as some shipments delayed at ports in June finally cleared customs. China, the world’s top crude oil importer, brought

Containerships Sent to Tripoli to Maintain Lebanon Supply Lines

Leading container lines are diverting ships to Lebanon’s smaller terminal of Tripoli after the devastating explosion at Beirut’s port that killed 145 people also paralysed vital trade. Lebanon, which imports almost all it uses, relies on container ships to bring in

TGS Makes Surprise $600 Mln Offer for Part of Rival PGS

Seismic surveyor TGS, a supplier of geological data to the global oil industry, on Thursday said it had made an unsolicited cash offer of $600 million for a key part of rival PGS. If successful, the offer to buy PGS’s so-called