Strait of Hormuz | Egypt Oil & Gas - Part 2
Putin Warns Russia Could Halt Gas Supplies to Europe Amid Iran Crisis
President Vladimir Putin warned that Russia may halt gas supplies to Europe as energy prices surge following the escalating crisis involving Iran. Speaking on March 4, Putin said the possibility was being consider ...
Oil Tanker Crosses Strait of Hormuz Amid Ongoing Regional Disruptions
An oil tanker has navigated the Strait of Hormuz on route to the United Arab Emirates (UAE) to lift crude oil, marking one of the few voyages through the strategic waterway since regional hostilities disrupted shi ...
Brent Climbs Above $78 Amid Gulf Tensions, Shipping Disruptions
Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest ...
Iran Blocks Strait of Hormuz
Iran has been sending radio signals to ships stating that no vessel is allowed to pass through the Strait of Hormuz, according to Reuters. Ships navigating near the waterway have received very high frequency (VHF) ...
Oil Prices Surge, LNG Supplies at Risk if Strait of Hormuz Closes: IEA Report
The International Energy Agency (IEA) stated in a report that any disruption to transit flows in the Strait of Hormuz (SoH) would have significant consequences for global oil and LNG markets. The report, issued in ...
Brooge Energy Subsidiary Contemplating New Senior Secured Bond Issue
Brooge Energy Limited, a midstream oil storage and Service provider in the United Arab Emirates (UAE), has announced its intention to invest up to $325 million in the Nordic bond market.
Saudi Arabia to Expand Pipeline as Alternate Export Route
Saudi Arabia plans to increase the capacity of the East-West Pipeline by 40% within two years in order to avoid exporting oil through the Strait of Hormuz.
Two Oil Tankers Evacuated in Gulf of Oman
An unspecified incident took place in the Gulf of Oman and has reportedly affected two oil tankers.
Saudi Aramco, Sabic to Build Petrochemical Complex in Yanbu
State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast.
