Energy
Oil in the Shadows: Dark Shipping Evades Sanctions - The American Action Forum
Oil in the Shadows: Dark Shipping Evades Sanctions - The American Action Forum
Energy
Energy
Iran War Set to Drive UK Energy Bills to 3-Year High
UK household energy bills are set to further rise from October by 4% to their highest level since the summer of 2023, as the Iran war has tightened global gas supply and made gas restocking in Europe more difficult and expensive, Cornwall Insight said on Wednesday. The energy consultancy expects Bri
Energy
Murban Crude Jumps to 4-Month High as ADNOC Curbs Supply to Asia
The price of Murban Crude, the flagship grade of the United Arab Emirates, surged to a four-month high this week, amid reports that the UAE’s national oil company ADNOC will reduce its immediate crude shipments to Asia. ADNOC plans to cut by about 5% the supply it is offering in spot tenders to Asia
Energy
Oil Prices Rise for Fourth Day as Hormuz Traffic Slows
Crude oil prices extended their gains for the fourth day today as fresh tanker-tracking data suggests traffic via the Strait of Hormuz has slowed further amid harder rhetoric from both Iran and the United States, with both sides demonstrating an unwillingness to return to the negotiating table. At t
Energy
Aramco Puts VLCCs Back Into Hormuz After Three-Week Pause
Saudi Arabia spent weeks finding ways around the Strait of Hormuz. Now it is starting to send tankers straight back through it. Saudi Aramco resumed crude loadings from its Ras Tanura and Juaymah terminals inside the strait last week, ending a three-week gap in activity at the ports, according to Kp
Energy
A 4-Million-Bpd Shadow Oil Highway Is Running Through Hormuz
U.S. Treasury Secretary Scott Bessent has predicted that the Strait of Hormuz will become “irrelevant” within two years, and with Gulf oil producers already building their way around it, millions of barrels may prove him right for a short time. Months into the Iran war, the UAE, Iraq, Kuwait and Qa
Energy
Over Target
The raw geopolitics of energy foretell an ugly end to the war in Ukraine.
Energy
Tankers U-Turn at Hormuz as Iran Tightens Its Grip
Tanker traffic at the Strait of Hormuz has become even more erratic than before, with vessels meandering and U-turning, unsure how to proceed amid escalating security threats and Iran’s insistence of control over the chokepoint. The Amara fuel tanker, which moved into the Persian Gulf empty on Monda
Energy
How Gulf Oil Is Escaping the Strait of Hormuz
Gulf oil producers are finding new ways around the Strait of Hormuz, but bypassing the world’s biggest oil chokepoint creates new risks. VLCC Rates Go Ballistic as Hormuz Turns Into a Freight Jackpot - VLCC prices are ballooning out of control (once again), pushing assessed earnings for a Middle Eas
Energy
China's state shippers deploy oil tankers outside Gulf, avoid chokepoints, sources say - reuters.com
China's state shippers deploy oil tankers outside Gulf, avoid chokepoints, sources say - reuters.com
Energy
Brent Tops $91 After Unidentified Projectile Hits Vessel Transiting Hormuz
A cargo vessel was struck by an unknown projectile in the Strait of Hormuz early on Tuesday local time as risks of additional escalation in the region pushed Brent Crude oil prices above $91 per barrel. The United Kingdom Maritime Trade Operations (UKMTO), a Royal Navy-sponsored organization, said o
Energy
Houthis Claim Third Attack on Saudi Aramco Refinery in Two Weeks
The Iran-aligned Houthi group on Tuesday claimed it had targeted Saudi Aramco’s Jazan oil refinery on Red Sea coast in southwest Saudi Arabia, in what was the third Houthi attack at the facility in the past two weeks, amid escalating hostilities in the region and a deadlock in the U.S.-Iran talks. T