Japan is weighing an additional release of approximately 20 days' worth of oil reserves as early as May as the vital Strait of Hormuz remains largely closed despite a fragile two-week ceasefire between the US and ...
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, ...
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 spec ...
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 I ...
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 en ...
QatarEnergy is offering ten liquefied natural gas (LNG) tankers for lease that are currently positioned outside the Strait of Hormuz, according to industry sources, as the company deals with a production halt at i ...
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 Reute ...
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