Saudi Arabia Resumes Oil Exports through Red Sea Lane
Top oil exporter Saudi Arabia said on Saturday it has resumed all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb.Saudi Arabia halted temporarily oil shipments through the…
Supertanker Hauling Saudi Crude U-turns After Recent Attack
A supertanker carrying Saudi Arabian crude has turned around near the Bab El-Mandeb strait, days after the world's top exporter said it was suspending all oil shipments through the strait following an attack by Yemen's Iran-aligned Houthi moveme
Yemen Resumes Oil Output, Exports from Masila Fields
Yemen has resumed production and exports from its Masila oilfields for the first time since a civil war began more than 16 months ago, state news agency sabanew.net reported on Thursday. The agency…
Yemen War Risk Could Strangle Sea Trade Routes
With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily. Millions of barrels of oil pass through…
Brent Slips to $65, Dollar Strengthens
Dollar up 0.3 percent against basket of currencies; U.S. rig count drops to lowest since 2010. Brent crude slipped to around $65 on Monday as the dollar strengthened, but a further sign that U.S. shale…
Amid Yemen Chaos, China Lifts More Oil
China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week.
Oil Prices Surge after Saudi Air Strikes in Yemen
Brent crude surged by as more than 5 percent on Thursday after Saudi Arabia and its Gulf Arab allies began air strikes in Yemen, before paring gains by almost half to trade back near $58 a barrel.
Kemp: Yemen Fuels Short-Covering Rally in Oil
Air strikes by Saudi Arabia and its allies in Yemen have sparked a modest rise in oil prices of $3 per barrel, even though Yemen plays a marginal role in the global oil market. Yemen produces just 130,000 barrels per day, according to the U.S.
Middle East Shipping Routes Secure: U.S.
Shipping corridors used by Gulf energy exporters are not at risk from violence and political volatility in Yemen and the seizure of swathes of territory in the region by Islamic State militants, a senior U.S. naval officer said on Monday.
Worrying Trend of Tanker Hijacks in SE Asian Waters: IMB
The Piracy Reporting Centre (PRC) of the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) raises concerns over a worrying trend of small tanker hijacks in its 2014 half yearly report.
Oil Tanker Fired Upon in Strait of Hormuz
IMB says unidentified assailants in a speedboat fired at a crude oil tanker in Strait of Hormuz on Sunday. The crew of the unidentified oil tanker reported being shot at twice from close range from…
Drum Cussac Protects Floating LNG Platform Journey
The FSRU Toscana, the world’s first-ever floating Liquified Natural Gas (LNG) platform, has begun commercial operations off the coast of Italy, on schedule. However, before the 288-meter container ship…
