Searched for
RED SEA PORT ATTACK
Aramco to up oil exports to 60 mn barrels in September, OctoberThe rebound in state oil company Saudi Aramco's exports from inside the Gulf to 1 million to 1.5 million barrels per day on average, simila...
Oil prices fall 1% on hopes of limited supply disruptionsOil prices slipped around one percent, marking their third consecutive session of losses. The potential for alternate oil routes from the M...
Oil prices extend losses as fears of Middle East supply disruptions easeOil prices fell further on Thursday, building on losses from the day before, largely influenced by Saudi Arabia's promise of more crude. Re...
US officials met Iran-backed Houthis in Oman over the weekend, sources sayUS officials secretly met Yemen’s Houthis in Oman over the weekend, according to five sources, days after the Iran-backed group seized much...
Alleging Houthi attack on Mecca, Saudis hit YemenSaudi warplanes pounded Yemen while Houthi fighters launched drones and missiles at Saudi cities. The United States tightened its travel wa...
US officials met Iran-backed Houthis in Oman over the weekend, sources sayUS officials met with Yemen's Houthis in Oman over the weekend. The Houthis assured American officials they would not attack US vessels. Th...
Saudi crown prince seeks Egypt's backing as Houthi attacks rattle Red Sea oil routesSaudi Arabia's Crown Prince met Egypt's President seeking support against Houthi rebel attacks. These attacks threaten vital shipping lanes...
Oil falls as US crude inventories rise despite Saudi supply concernsOil prices fell sharply on Wednesday after a surprising increase in U.S. crude inventories. Compounding the situation, Saudi Arabia decided...
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...
Houthis strike Saudi targets anew as talks over Strait of Hormuz stallIran-aligned Houthis launched fresh attacks on Saudi Arabia as their advances along Yemen’s Red Sea coast intensified pressure on Riyadh. G...
Houthi advance in Red Sea leads oil past $108/bblOil prices rose significantly following strikes on Saudi infrastructure and ship attacks. Yemen's Houthi rebels strengthened their control ...
Yemen's Houthi rebels seize more key islands in southern Red Sea, tighten grip on shipping routesYemen's Houthi rebels have captured key islands in the southern Red Sea. This move strengthens their control over a vital maritime shipping...
Crude pool drying up as Middle East conflict drags on, refiners waryIndian refiners are using inventories to manage immediate oil supply disruptions. They worry about prolonged closures and widening conflict...
Saudi pipeline outage threatens loss of 4% of global oil supplySaudi Arabia's oil exports face a significant threat from pipeline damage. The kingdom has only a few days of oil stocks remaining for expo...
Yemen risks a return to civil war as Iran-backed rebels target a vital oil shipping routeYemen faces renewed civil war as Houthi rebels advance near a vital shipping lane. The rebels' move threatens the Bab el-Mandeb Strait, a c...
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...