Saudi Tanker Giant Posts 10-Fold Profit Jump as Ship Rates Surge
Saudi Arabia’s main shipping firm Bahri reported a 10-fold jump in third-quarter profit as its oil tanker business benefited from surging freight rates amid
Saudi Arabia’s main shipping firm Bahri reported a 10-fold jump in third-quarter profit as its oil tanker business benefited from surging freight rates amid
Iran’s Persian Gulf Strait Authority said it would take “legal action” against tankers belonging to Sinokor, the world’s biggest oil tanker owner that
An oil spill from a damaged tanker off the coast of the United Arab Emirates has widened, satellite images showed, triggering more beach closures and raising
By Uditha Jayasinghe COLOMBO, Oct 25 (Reuters) – Sri Lanka coordinated the rescue of 40 Iranian sailors from multiple commercial ships in
Saudi Arabia is in talks with foreign governments to give state-owned Aramco access to their strategic oil storage, as the kingdom seeks to make its supplies
By Julian Lee (Bloomberg) — Oil shipments from the Middle East are showing little sign of buckling in the face of Iran’s more frequent and
Iranian attacks in the Persian Gulf are striking more ships and causing more severe damage than earlier in the conflict, bringing fresh risks to energy flows
Iran’s main oil-loading terminals have remained empty for weeks, adding to signs that a US naval blockade of the country is throttling Tehran’s
DUBAI, Oct 18 (Reuters) – Iran’s offer to the United States to reopen the Strait of Hormuz within seven days is still on the table, Foreign
Iran has managed to export some liquefied petroleum gas and jet fuel since July, despite a US naval blockade, shipping intelligence showed and people
Accelerating crude exports through the Strait of Hormuz aren’t translating into higher production of a dirty shipping fuel, according to a top Vitol Group
Shipowners are facing an increasingly fragmented fuel market as disruptions triggered by the Middle East conflict raise concerns about the availability and
U.S. forces destroyed an Iranian-affiliated dhow in the Gulf of Oman on October 6 after determining that the vessel was conducting surveillance and helping
A container ship has sunk near the Strait of Hormuz after being hit by a projectile and a separate dry bulk vessel is sinking in another incident, maritime
Saudi Arabia is looking at ways to expand its oil pipeline capacity to destinations outside the Persian Gulf to 10 million barrels a day within two to three
DUBAI, Oct 11 (Reuters) – The United States’ response to Iran’s seven conditions in a proposal to reopen the strategic Strait
A vessel was struck by an unknown projectile 13 nautical miles west of Al Jazeera in the United Arab Emirates on Friday, causing a fire that has since been
For a sign of just how extraordinary oil shipping costs have become, consider this: It’s now more expensive to hire a tanker from the US to China than to
The Houthis struck two airports in Saudi Arabia in the past two days, killing three people and injuring dozens as the Iran-backed militant group intensifies
The United States on Thursday imposed sanctions on 22 tankers and dozens of individuals and companies linked to Iran’s oil trade, expanding its campaign
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