Strait of Hormuz closure | Egypt Oil & Gas
Gulf Oil Exports Plunge Over 60% as Hormuz Disruptions Force Output Cuts
Daily oil exports from the Middle Eastern Gulf have fallen sharply amid ongoing disruptions linked to the US -Iran war, with flows dropping by more than 60% in the week ending March 15 compared to February levels, acc...
Aramco Cuts Output Amid Strait of Hormuz Crisis
Saudi Arabia’s Aramco has begun reducing production at two of its oilfields, sources said Monday, as disruptions in the Strait of Hormuz escalate due to the US -Israeli conflict with Iran. The company did not specify ...
Iraq’s Southern Oil Output Drops 70% as Hormuz Disruption Halts Exports
Iraq’s oil production from its main southern fields has dropped by around 70% to about 1.3 million barrels per day (mmbbl/d) as the country struggles to export crude through the Strait of Hormuz amid the ongoing Iran ...
Kuwait declares force majeure as Strait of Hormuz disruptions persist
Kuwait Petroleum Corporation (KPC) has begun cutting crude oil production and declared force majeure amid ongoing disruptions to energy shipments through the Strait of Hormuz as the conflict between US and Iran enters...
QatarEnergy Markets LNG Tankers for Charter Amid Ongoing Production Shutdown
QatarEnergy is offering ten of its liquefied natural gas (LNG) tankers currently positioned outside the Strait of Hormuz for lease, Reuters reports. This came as the company deals with a production halt at its 77 mill...
US-Iran Hostilities Disrupt Supertanker Costs to Surpass $423,000 Per Day
Global oil and gas transport costs have surged sharply, with supertanker rates in the Middle East climbing to unprecedented levels amid escalating hostilities between the United States and Iran, according to Reuters. ...Page 1 of 1
