Oil, Oil Tanker | featured news

An oil tanker collided with a U.S. Navy destroyer near the Strait of Hormuz on Sunday but no one was hurt and shipping traffic in the waterway, through which 40 percent of the world's seaborne oil exports pass, was not affected, officials said.

Somali pirates freed a Greek- flagged tanker carrying 2 million barrels of oil on Monday and witnesses said four pirates were killed in a clash between rival groups over the ransom.

Somali pirates seized a tanker carrying crude oil from Saudi Arabia to the United States in the increasingly dangerous waters off East Africa, an official said Monday, an attack that could pose a huge environmental or security threat to the region....