WTI Whipsaws as Hormuz Hopes Collide With Diesel Crunch
November WTI crude oil futures spent the week trading a possible reopening of the Strait of Hormuz against…
Saudi Arabia Reroutes Oil Exports as Houthi Strikes Target Yanbu
Satellite images gathered by Bloomberg show supertankers with capacity for 14 million barrels at Saudi Arabia’s Gulf export…
Oil Prices Surge as Middle East Attacks Continue and Diplomacy Stumbles
Oil prices initially jumped by over 3% in early Asian trade on Monday as fears of a major…
Oil Prices Climb Toward $100 as Iran Ceasefire Doubts Deepen
Oil prices were climbing back toward the $100 mark in early Asian trade on Friday as traders weighed…
East-West Pipeline Key to Saudi Arabia’s New Oil Export StrategyRussia Emerges As The Biggest Winner In Middle East War
As the Strait of Hormuz remains de facto closed for tanker traffic, Saudi Arabia is scrambling to hike…
Aramco Asks Asian Buyers for Dual Red Sea-Hormuz Oil Supply Plans
Saudi Arabia’s oil giant Aramco is requesting from Asian buyers to nominate crude loading plans for April for…