Oil prices fall on Monday
Oil prices fell on Monday, wiping out last week’s gains, after Russia resumed crude loadings at the Novorossiysk…
Browsing Tag
Strait of Hormuz
US imposes sweeping sanctions on Iran-linked network
The US Treasury Department has imposed sanctions on more than 115 Iran-linked individuals, entities, and vessels in…
LNG shipping costs hit 8-m high
Liquefied natural gas (LNG) shipping costs have surged to their highest levels in eight months as vessel…
Shell warns of shipping risks as Israel-Iran conflict escalates
Shell is taking extra precautions with its shipping operations in the Middle East due to escalating tensions…
Brent crude premium to Dubai benchmark hits highest level since Sept 2023
Brent crude’s premium to the Middle East’s Dubai benchmark surged above $3 per barrel on Wednesday, reaching $3.33…
2 tankers collide, catch fire near Strait of Hormuz
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, a strategic waterway where…
Fitch warns Israel-Iran conflict may weigh on ME sovereign credit profiles
The ongoing Iran-Israel military conflict has heightened regional security risks, with Fitch Ratings warning that a…
Tanker freight rates climb amid Israel-Iran war
Charter rates for oil tankers from the Middle East to Asia surged as escalating tensions between Israel and Iran…
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…
Oil drops on Monday
Oil dropped on Monday following rising tension between Iran and Israel, causing limited damage and minimal…