Increasing energy, commodity and supplier costs are significant contributors, along with higher trucking, ocean freight and logistics-related expenses.
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Iran attacked another ADNOC vessel in the Strait of Hormuz over the weekend, with the Houthis simultaneously striking Saudi Arabia’s energy infrastructure. The UAE said an ADNOC-owned vessel was hit…
CAIRO, Aug 10 (Reuters) - An oil slick is covering an areaof around 390 square kilometres (150 square miles) off the coast of Oman, the country's government said on Monday, after a vessel under…
In its ongoing international expansion, Saudi Arabia’s Red Sea Gateway Terminal (RSGT) is planning to enter the South African port market. The operato...
UN expresses 'deep concern' about Houthi attacks Hans Grundberg, the UN special envoy for Yemen, has expressed "deep concerns" about Yemen's Houthis' attacks on the Red Sea port of Mocha, which…
There is still no deal between the US and Iran at the time of writing. (Here’s the latest headline out today, courtesy of CNBC: ‘US reaffirms grip on Hormuz blockade, turning away 55 ships as talks…
For several months, the Houthi have been preparing the population of the areas they control in north Yemen for renewed conflict with Saudi Arabia.The...
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