Searched for
CHINA BEIBU GULF CANAL
US crude shipping costs to China hit record as Middle East war disrupts oil flowsShipping costs for US crude oil to Asia have reached record highs. This surge is driven by Middle East energy flow disruptions and increase...
Saudi Arabia runs out of oil export routes as pipeline shuts, Hormuz blockedSaudi Arabia's oil exports face growing challenges after attacks closed a key pipeline. Iran and its allies have tightened their grip on vi...
Oil tankers earn $1 million a day as war leaves ship shortageThe supersized earnings also partly reflect oil-refining margins that have spiraled out of control because wars in Iran and Ukraine mean wo...
Saudi pipeline hit by drones to be out of service for weeks, further restricting oil flowA Saudi oil pipeline faces weeks of repairs after an attack, impacting global petroleum supplies. Houthi rebels captured key Red Sea island...
A weekend in New Delhi: At BRICS, Modi and India provided an adroit demonstration of tactically gathering a motley crewThe recent BRICS summit hosted twenty nations, fostering debate and wide interpretation of its joint statement. This gathering served as a ...
From isolated rebels to regional force: How the Houthis took Bab al-MandabYemen's Houthis have seized the strategic Bab al-Mandab Strait, cementing their regional influence. This minority Zaidi community now contr...
Xi Jinping urges BRICS to stand on ‘right side of history’, calls for peace in Middle EastChinese President Xi Jinping urged BRICS nations to champion peace and stability globally. He specifically highlighted the ongoing Middle E...
IEA slashes oil demand forecast as prices surgeThe International Energy Agency on Friday further reduced its forecast for global oil demand this year, citing the recent escalation in the...
Oil tanker rates hit record highs following Iran, US shipping attacksOil shipping rates from the Gulf of Oman to China have reached record highs this week. This surge follows recent attacks on shipping and mi...
New problem shaping up for the oil market as Hormuz remains shutHouthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of ...
Panama Canal considering more cuts in transits due to El NinoThe Panama Canal might experience additional constraints on shipping traffic due to a severe drought exacerbated by a strong El Niño. Curre...
Houthis seize key Yemeni Red Sea port, sources say, threatening global energy flowsHouthi militants seized Yemen's Mocha port, threatening vital global energy supplies. This escalation occurs as Iran and the United States ...
Why is the Bab el-Mandeb Strait so important?Iran-backed Houthis aim to control Yemen's Red Sea coast and Bab el-Mandeb strait. This strategic waterway connects Asia to Europe via the ...
Yemen's Houthis close in on stranglehold over strategic Bab el-Mandeb StraitThe Houthis in Yemen are making significant strides towards seizing control of the Bab el-Mandeb Strait. Recent clashes between Saudi-backe...
Port of LA hits three-month record as Cargo peak stretches onThe Port of Los Angeles experienced its busiest three-month period on record, driven by an extended peak season. Importers are navigating g...
Panama Canal gets its first woman boss as Trump watches and $1.5 billion water crisis waitsNaval engineer Ilya Espino de Marotta now leads the Panama Canal administration. Her immediate priority involves advancing a significant re...
Typhoon Narra triggers widespread flooding in China's Guangxi region, forcing 54,000 relocationsTorrential rains from Typhoon Narra have caused extensive flooding across China's Guangxi region. Tens of thousands of people have been rel...