Vessel traffic through the Strait of Hormuz has dropped from an average of 138 ships a day to just two…
Browsing: OPEC Announcements
Qatar has offered two LNG carriers for lease amid a vessel crunch in the liquefied natural gas market and soaring…
Crude oil prices were on course to end the week with gains of over 16% despite a Thursday dip following…
Colombia’s state-controlled oil giant Ecopetrol may increase spending and boost output if elevated oil prices persist amid the escalating Middle…
A drone strike hit oil infrastructure in Bahrain’s Ma’ameer industrial area, according to multiple early reports Thursday morning, raising concerns…
Shell and Kazakhstan have signed an agreement for oil and gas exploration in the Zhanaturmys block in western Kazakhstan, the…
An oil tanker anchored off Kuwait reported late on Wednesday a large explosion and a subsequent leak from a cargo…
The global LNG shipping market has turned sharply higher in recent days, with charter rates for modern LNG carriers surging…
Disrupted crude flows from the Middle East to Asia due to the de facto closure of the Strait of Hormuz…
Dozens of Indian and South Korean oil tankers and more than 1,100 crew are currently stranded in and around the…