Strait of Hormuz | Egypt Oil & Gas - Part 4
UNCTAD Warns of Lasting Impact from Hormuz Shipping Crisis
The reopening of the Strait of Hormuz has eased immediate concerns over global energy supplies. Still, the economic fallout from more than three months of shipping disruptions is likely to persist across vulnerable ec...
Middle East Oil, LNG Shipments Continue Despite Hormuz Tensions
Middle Eastern producers are continuing to load oil and liquefied natural gas (LNG) despite recent ship attacks in the Strait of Hormuz and renewed US -Iran strikes, according to shipping data reported by Reuters. Shi...
Hormuz Shipping Recovery Likely Weeks Away, Mitsui CEO Says
Shipowners are expected to delay resuming transit through the Strait of Hormuz for several weeks until they are assured that the recently announced US -Iran agreement is effectively implemented on the ground, accordin...
Oil Markets Reassess Gulf Supply Losses Amid Hormuz Disruptions
Oil markets continue to reassess the impact of the conflict with Iran following Tehran’s declaration that the Strait of Hormuz was “closed,” even as evidence suggests Gulf crude oil exports have sust...
Iran, Oman to Cooperate on Strait of Hormuz Management
Iran has announced that it is moving forward with plans to coordinate with Oman on the administration of the Strait of Hormuz, one of the world’s most important oil transit routes. Foreign Minister Abbas Araghchi said...
OPEC+ Set to Approve Further Output Hike for July Despite Ongoing Supply Disruptions
OPEC+ oil-producing countries are expected to approve an additional increase in their production target for July during their upcoming meeting on Sunday, three sources told Reuters, even as geopolitical tensions and s...
Global Supply Shocks Drive Record US Crude Exports
US crude oil exports surged to an all-time high of 5.6 million barrels per day (mmbbl/d) in May, as Asian and European refiners increased purchases to offset supply disruptions triggered by the war between the US and ...
UAE to Double Oil Exports by 2027 With New Fujairah Pipeline Bypassing Hormuz
The UAE will accelerate construction of a new oil pipeline to the port of Fujairah, aiming to double export capacity by 2027, according to the Abu Dhabi Media Office reported by Reuters. Crown Prince Sheikh Khaled bin...
