This move aims to avoid production cuts as global oil prices surge. However, concerns exist about Yanbu's loading capacity and the Red Sea's own security risks.
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Kyiv says evidence shows Druzhba pipeline is too damaged to restart supplies after attack by Moscow in January ...
Oil prices could top US$100 a barrel if tanker flows through the Strait of Hormuz aren’t restored quickly, analysts said. Read more at straitstimes.com. Read more at straitstimes.com.
The Trans Mountain pipeline has been transporting oil from Alberta to the B.C. Lower Mainland for shipment to the U.S. west coast and overseas since the 1950s. It remains Canada’s only pipeline ...
March 3 (Reuters) - Russia has been unable to capitalize on this week's surge in global crude prices, as days of Ukrainian drone attacks and harsh winter storms have sharply curtailed its capacity to ...
Saudi Arabia's state oil company Aramco is attempting to reroute some of its crude exports to the Red Sea to avoid the Strait of Hormuz, where the risk of Iranian attacks has slowed shipping to a near ...
Oil prices spiked as the conflict involving Iran disrupted regional supplies and threatened the Strait of Hormuz, a key global energy route. Ship movements slowed, insurers withdrew coverage, and ...
Answers to questions about Florida gas prices and why they could be affected by the Iran conflict even though the U.S. bans ...
Oregon drivers are seeing a smaller weekly increase than most states, but experts warn uncertainty could make the situation worse.
Iran says it will "set fire" to any ships trying to pass through the Strait of Hormuz, the world's busiest oil shipping ...
the halt on the Druzhba is the result of a coordinated decision by a 'Berlin–Brussels–Kyiv axis,' aligned with Hungary’s ...