IEA Warns of Largest Oil Supply Disruption in History
The Middle East war is creating the biggest supply disruption in the history of the oil market as flows of about 20 million barrels per day of crude and products…
East-West Pipeline Key to Saudi Arabia’s New Oil Export Strategy
As the Strait of Hormuz remains de facto closed for tanker traffic, Saudi Arabia is scrambling to hike its oil exports via the Red Sea route by boosting east-west pipeline…
Oman Evacuates Key Oil Port as Iran War Intensifies
Oman has ordered the evacuation of vessels from its key Mina Al Fahal oil port, which sits outside the Strait of Hormuz, in a sign that the disruption to oil…
Iran May Allow Indian Tankers Through Hormuz Despite Ongoing Shipping Attacks
Iran is set to allow India-flagged tankers to pass through the Strait of Hormuz, an Indian source told Reuters on Thursday amid conflicting reports about the situation at the world’s…
China Halts Fuel Exports as Hormuz Crisis Tightens Global Supply
The Chinese government has moved to ban all fuel exports amid a worsening supply crunch because of the severe disruption in tanker traffic in the Strait of Hormuz. The ban…
