European trades saw spot rates decline for a fourth consecutive week, with carriers cancelling or cutting back plans for rate boosting, but for those operating on the transpacific, the situation was…
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Saudi Arabia's last major oil route comes under Houthi pressure The Houthis said on Wednesday that they had fired ballistic missiles at the NCC Wafaa , a Saudi oil tanker, off the…
Crude oil tanker, Amjad, which was one of two Saudi tankers on May 13, 2019 [KARIM SAHIB/AFP via Getty Images " data-large-file="https://i0.wp.com/www.middleeastmonitor.com/wp-content/uploads/2024/09/…
A view of the Port of Kharg Island Oil Terminal, in the Persian Gulf on March 12, 2017. [Fatemeh Bahrami/Anadolu Agency] "…
Abu Dhabi National Oil Company said three of its vessels have been attacked this week while transiting the Strait of Hormuz, highlighting the continued danger to commercial shipping as traffic...
Shipping traffic through the Strait of Hormuz has dwindled to 33 vessels from Monday to Thursday this week, data showed, versus 50 in the week-ago period, as markets watched talks between Iran and…
The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left OPEC and pushed more of its oil through…
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