Oil flow through Red Sea falls by 50% in ’24 – EIA
Oil flows through the Bab el-Mandeb Strait, a key chokepoint at the Red Sea's southern entrance, have fallen by…
Browsing Tag
Red Sea
China’s port growth slows in Q2 ’24 – Fitch
China’s port activity grew in the second quarter of 2024, albeit at a slower pace than the previous quarter.
Egypt plans massive hotel expansion to boost tourism
Egypt is seeking to add around 200,000 to 250,000 hotel rooms to boost its capacity for 30 million tourists per…
Oil up in early Thursday trade
Oil prices rose for the third consecutive session on Thursday following a significant drop in US crude stockpiles.…
Suez Canal revenue down amid Red Sea unrest
The Suez Canal's annual revenue went down to $7.2 billion in the latest fiscal year, down nearly a quarter, as some…
Egypt, AD Ports Group ink $4.7m deal to develop Red Sea ports
The Egyptian General Authority for Red Sea Ports and the Abu Dhabi Ports Group (ADX) signed A…
Oil surges on Wednesday
Oil prices surged following another attack on a ship in the Red Sea, escalating tensions in the Middle East just…
Oil declines on Tuesday
Oil declined as indicators pointed to a softer market despite heightened geopolitical tensions ahead of an OPEC+…
China coal prices poised to rebound
China's domestic coal prices are expected to surge past 2023 highs this year.
Oil retreats from 5-m peak on Monday’s opening
Oil retreated from a five-month peak following Israel's announcement of troop withdrawal from Gaza, with traders…
