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Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts

Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route. Supertankers delivering 2-million-barrel shipments of the kingdom’s oil to China are losing […]

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Iran Starts Air Force Drills Near The World’s Crucial Oil Chokepoint

Iran Starts Air Force Drills Near The World’s Crucial Oil Chokepoint Iran’s Air Force and the Islamic Revolution Guards Corps began on Friday fighter jet drills over the waters near the world’s most important oil chokepoint, the Strait of Hormuz, Iran’s IRNA news agency reported on Friday. Aircraft including nine F-4, six Sukhoi, and four […]

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Saudi oil shipment halt: A potential watershed in the Yemen war

Saudi oil shipment halt: A potential watershed in the Yemen war A spike in oil prices as a result of a temporary halt in shipments through the strategic Bab el Mandeb strait may be short-lived, but the impact on Yemen’s three-year-old forgotten war is likely to put the devastating conflict on the front burner. The […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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