Energy
Saudi Red Sea oil exports go dark as Houthi attack threat grows - Reuters
Saudi Red Sea oil exports go dark as Houthi attack threat grows - Reuters
Energy
Energy
Hormuz Ship Traffic Falls to Weekly Low as Standoff Drags On
The number of ships that have transited the Strait of Hormuz dropped to a week-low on Tuesday, according to shipping data, as vessel owners continue to avoid the key chokepoint in the Middle East. Only eight vessels moved in either direction at the Strait of Hormuz on Tuesday, the lowest number sinc
Energy
Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says - CNBC
Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says - CNBC
Energy
Oil prices rise as attacks dent hopes for Strait of Hormuz reopening - Al Jazeera
Oil prices rise as attacks dent hopes for Strait of Hormuz reopening - Al Jazeera
Energy
Oil rises as doubts over US-Iran deal heighten supply concerns - Reuters
Oil rises as doubts over US-Iran deal heighten supply concerns - Reuters
Energy
Inside the U.S.–Israel–Saudi Plan to Cut Iran Out of Global Oil
Whatever officially occurs next in the on-again/off-again negotiations towards a peace deal between the U.S. and Iran, unofficially Tehran knows that it has established de facto control over both the world’s two key maritime energy transit routes -- the Strait of Hormuz and the Bab el-Mandeb Strait
Energy
Iran Says Hormuz Will Stay Closed Until U.S. Meets Its Conditions
Iran said Tuesday that the Strait of Hormuz will remain closed unless the United States ends the war and meets Tehran’s conditions, raising the bar for a deal that would restore more oil traffic through the key waterway. Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said Wash
Energy
Hormuz Traffic Sinks to Six Vessels Monday as Iran Talks Stall Again
Vessel traffic at the Strait of Hormuz continues to decline as last week’s hopes of negotiations of a U.S.-Iran deal began to fade, yet again. On Monday, only six commodity vessels transited the Strait of Hormuz in either direction, down from 11 ships in the latest 10-day average, according to shipp
Energy
China’s Teapot Refiners Poised to Ramp Up Iranian Oil Buying
China’s independent refiners are likely to return to buying higher volumes of Iran’s crude oil this month as stockpiles in Shandong, home to the independent Chinese refiners, have dropped to the lowest level this year after the biggest estimated monthly draw in a decade. For most of the Middle East
Energy
Libya Weighs Force Majeure After Drone Attacks on Zawiya Oil Hub
Libya’s National Oil Corporation may declare force majeure on exports from the Zawya oil terminal as a result of drone attacks on the facility. The Zawya terminal has a daily capacity of 120,000 barrels, sourced from the country’s largest oil field, Sharara, which can produce up to 300,000 barrels d
Energy
Adnoc Gas Exploring New LNG Export Plant to Avoid Hormuz Strait - Bloomberg.com
Adnoc Gas Exploring New LNG Export Plant to Avoid Hormuz Strait - Bloomberg.com
Energy
The Hormuz Shock Is Far From Over
The latest Bloomberg data show that shipping transits through the Strait of Hormuz remained largely disrupted Monday morning, even as Iran and Oman reportedly moved closer to a deal. Brent crude futures traded near $85 a barrel as markets priced in the possibility that a deal to reopen the maritime