Suez Canal revenues improve but still below normal, PM says
Egypt's Suez Canal revenues have been negatively affected by attacks on shipping in the Red Sea, Prime Minister…
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Red Sea attacks
Egypt pushes for Suez Canal comeback as maritime risk eases in Red Sea
Egyptian Prime Minister Moustafa Madbouly on Tuesday called foreign ambassadors to encourage the return of…
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…
China coal prices poised to rebound
China's domestic coal prices are expected to surge past 2023 highs this year.
Egypt’s non-oil activity suffers over Suez Canal disruption
Egypt's private sector activity declined in February, with the Suez Canal freight drop and foreign currency…
Maersk: Red Sea disruptions could extend to H2 of ’24
Maersk, the Danish shipping company, has warned its clients to expect disruptions in the Red Sea to continue into…
Oil prices surge due to concerns on shipping
Oil prices rose on Tuesday, building on gains from the previous day due to attacks on shipping in the Red Sea that…
Oil prices surge amid Red Sea tensions
Oil prices rose in Asian trade on Wednesday due to concerns about attacks on shipping in the Red Sea and…
Fuel sales up in Singapore
Fuel sales at one of the busiest ports in the world are rising as a result of the Red Sea shipping crisis.
MSC to resume Suez Canal transit once tensions ease – CEO
Switzerland's MSC will “immediately” return shipping through the Suez Canal as soon as the security situation…
Egypt’s S. Canal revenue may partially offset Red Sea attacks impact – Maait
Some of the damage caused by the Red Sea attacks on ships to Suez Canal revenue could be offset by prior growth…
Maersk expects low ’24 earnings
Maersk said on Thursday that it expects 2024 earnings to be significantly lower than last year's level due to an…
TotalEnergies stops navigating Red Sea
TotalEnergies stated that the journey of its ships to Europe has been prolonged since the company stopped sending…
Red Sea crisis is hurting Europe oil product deliveries: IEA
The delays in oil product deliveries due to ships being re-routed to avoid attacks in the Red Sea are impacting…
Global oil market turns local amid Red Sea unrest
Oil market appears more localised, as the ongoing Red Sea unrest and rising freight rates made supplies from closer…
Red Sea unrest menaces Italy’s economic stability – minister
The ongoing disruption in the Red Sea region threatens to destabilise Italy's economy and marginalise ports in…
Oil up in early Tuesday trade
Oil prices rose in early Tuesday trade. Brent crude climbed by 0.19 per cent, or about 0.14 cents, to reach $80.21…
UK’s Primark sales slow in Xmas quarter
Primark, retail clothing company owned by Associated British Foods, witnessed a drop in its sales during the…
Hapag-Lloyd to offer transits in S. Arabia over Red Sea attacks
German shipping giant Hapag-Lloyd will introduce land corridors through Saudi Arabia to mitigate the impact of the…
Oil prices fall amid Red Sea risks
Oil prices decreased globally as the OPEC member Libya resumed output of its largest field Sharara, bolstering…
Suzuki halts Hungary plant for 1 week over Red Sea attacks
Suzuki Motor said on Monday it will halt production of its Vitara and S-CROSS in Hungary for a week amid Red Sea…
Oil up in early Monday trade
Oil prices rose in early Monday trade. Brent crude went up by 0.20 per cent, or 0.16 cents to reach $78.45 a barrel…
Red Sea attacks drive Gas prices up
European gad prices rebounded after a two-day decline due to ongoing attacks on ships in the Red Sea which causes…