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(Reuters) – Shipping companies should not load or discharge cargo at Saudi Arabian ports and such activity may result in being targeted “in any location” by Yemen’s Iran-aligned Houthi militia, according to an email sent to companies by the Houthis. The Houthis on Monday declared a naval blockade against Saudi Arabia, opening a potential new …
Houthis Warn Shipping Companies to Avoid Saudi Ports, Email Shows Read More »
(Reuters) – U.S. Treasury Secretary Scott Bessent said on Tuesday that there has been a substantial decrease in China’s purchases of Iranian oil. “We have sanctioned Chinese… so-called teapot refineries, which are the private refineries, and we’ve seen a substantial decrease in their purchases of Iranian oil,” Bessent said in an interview with Fox Business …
Bessent Says China’s Iranian Oil Purchases Have Decreased- Fox Business Read More »
(Reuters) – Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and Gulf output only fully recovers by the end of 2027. Oil prices softened on Tuesday, with markets …
Goldman Sees Brent Exceeding $120/bbl in Q4 if Hormuz Disruptions Persist Read More »
(Reuters) – Saudi Arabia’s crude oil exports in May fell to 3.434 million barrels per day from 3.986 million bpd in April, official data showed on Tuesday. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which published …
Saudi Arabia Crude Exports Fall to 3.434 mln bpd in May Read More »
July 21 (Reuters) – The International Energy Agency’s (IEA) member countries still hold substantial emergency oil stocks in reserve despite the largest coordinated release of strategic reserves on record, it said on Tuesday. The agency said that about 290 million barrels of oil have been released by member countries since the release was announced on …
IEA Says Substantial Emergency Oil Stocks Remain After Record Release Read More »
DUBAI, July 21 (Reuters) – Abu Dhabi’s state energy company ADNOC has taken a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap, in an acceleration of its integrated global gas growth strategy, the company said Tuesday. The FID was made alongside ADNOC’s international partners, TotalEnergies (TTEF.PA), Eni (ENI.MI), and China National …
ADNOC Greenlights $6.2 Billion Umm Shaif Gas Cap Project Read More »
(Reuters) – The insurance cost of shipping goods through the Red Sea rose on Monday after Yemen’s Iran-aligned Houthis said they were imposing a naval blockade on Saudi Arabia, escalating risks for merchant shipping, insurance industry sources said. The move by the Houthis opens a new front against the United States in its war on …
Red Sea War Insurance Costs Rise After Houthi Blockade, Sources Say Read More »
(Reuters) – Yemen’s Iran-aligned Houthis will impose a maritime blockade on Saudi Arabia, they said on Monday, further throttling a global energy market already greatly restricted by Iran’s closure of the Strait of Hormuz. This is why it matters and what it means for the Iran war and the global energy crisis: HOW BIG IS …
How a Houthi Blockade in the Red Sea Tightens Iran’s Grip on Global Energy Supplies Read More »
(Reuters) – Yemen’s Iran-aligned Houthis on Monday declared a naval blockade against Saudi Arabia effective immediately, their military spokesperson said in a televised speech. The militant group announced “a maritime embargo against the criminal Saudi enemy, based on the equation of ‘an eye for an eye’ effective immediately upon the issuance of this statement.” The …
Yemen’s Houthis Say They Will Impose Naval Blockade Against Saudi Arabia Read More »
(Reuters) – The Kuwaiti Foreign Ministry condemned on Sunday what it described as an Iranian attack on a power generation and water desalination facility, calling it a direct strike on vital civilian infrastructure. The repeated targeting of civilian facilities amounted to a dangerous escalation and violated international law, the U.N. Charter and U.N. Security Council …
Kuwait Condemns What it Calls Iranian Attack on Power, Water Desalination Facility Read More »
