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
Strait of Hormuz
Oil drops on Monday
Oil dropped on Monday following rising tension between Iran and Israel, causing limited damage and minimal…
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…
U.S. tells commercial vessels to send Gulf transit plans in advance
U.S.-flagged commercial vessels should send their transit plans for the Strait of Hormuz and Gulf waters to United…
Global airlines reroute flights to avoid Iran-controlled airspace
Several global airlines are rerouting flights to avoid Iran-controlled airspace over the Gulf of Oman and the…
Brent Oil Prices Lower On Weak US, China Data
Brent oil prices dropped on Tuesday, in line with global equity markets, after publication of…
Iran Sanctions Tightening as OSG to Frontline Halt Shipping Nation’s Crude
Sanctions on Iran are tightening after Overseas Shipholding Group Inc., Frontline Ltd. and owners controlling more…
