Yemen Has Plans to Raise Production by 25%

• Monday, 15th June 2020
• by Editorial Team

 Yemen is planning to ramp up production by 25% to 75,000 barrels of oil per day (bbl/d), Yemen’s energy minister of the country’s internationally-recognised government, Aws Abdullah al-Awd, announced, according to Re...

Saudi Arabia Reopens Red Sea Shipping Lane

• Sunday, 5th August 2018
• by Editorial Team

Saudi Arabia resumed oil shipments through the Red Sea shipping lane Bab al-Mandeb , Reuters reported on August 4. The kingdom temporarily halted petroleum shipments through the lane after two oil tankers were attacke...

Bab al-Mandeb Closure has Limited Impact on Shipments: Kuwait

• Sunday, 29th July 2018
• by Editorial Team

The temporary closure of the Bab al-Mandeb strait has a limited impact on Kuwaiti oil shipments as only 10% pass through the strategic shipping lane, Reuters cited Kuwait News Agency (KUNA) on July 26. Sheikh Talal al...

Saudi Arabia Halts Red Sea Shipments After Houthi Attack

• Thursday, 26th July 2018
• by Editorial Team

Saudi Arabia is “temporarily halting” all oil shipments through the Red Sea due to an attack on two oil tankers by Yemen’s Houthi movement, Reuters reported. Two very large crude carriers (VLCCs), each with a ca...