Saudi Arabia is offering to sell oil from off the coast of Oman on a ship-to-ship basis, a sign that the kingdom may be following the United Arab Emirates in shuttling more barrels through the Strait of Hormuz.
https://t.co/PF2i0v4RWZ
Saudi Arabia is offering oil from outside the Strait of Hormuz, a sign it could follow the UAE in shuttling more barrels through the waterway https://t.co/3XkuvVCH47
“… officials in Abu Dhabi needed enough ships to make the risky transit — not just once, but over and over.
And for that they turned for help to Ga-Hyun Chung, the intensely private Korean shipping tycoon…”
https://t.co/uCaWia5WvQ
Earlier this week we reported #Iraq is accelerating #oil loadings at its main port and boosting shipments out of the Persian Gulf. It's the latest sign that the region’s top #OPEC producers are getting more barrels through the vital Strait of Hormuz. https://t.co/vQdNOpYCsh
More in the last few hours:
• Iran signaled it may stop striking Israel
• Its condition: Israel stops too, including in Lebanon
• Trump says both sides are looking for a ceasefire
https://t.co/51Jx055Fsj
Iraq, OPEC’s second-largest producer, will be unable to pay public salaries next month if the Strait of Hormuz remains closed, Foreign Minister Fuad Hussein said. https://t.co/nQLoEq8cvo
Abu Dhabi National Oil Co. is selling a bumper volume of crude originating from inside the Persian Gulf to traders and refiners in Asia, in the first tenders of their kind for such grades since the Iran war began https://t.co/vDVUkrjr9l
Saudi Arabia has cut the price of its main crude grade to Asia for a second straight month, though the premium for barrels to the kingdom’s largest market remained near the highest in decades https://t.co/ndBW646ykg
Qatar snuck another LNG shipment out of Hormuz 🇶🇦 🚢
This tanker went dark over the weekend and just reappeared heading to China
It’s the ninth known cargo to exit the Persian Gulf since the conflict began in late Feb. While some gas is flowing, still far from pre-war levels
Empty LNG tankers are amassing in the Gulf of Oman. Will they make a run through Hormuz soon? 🚢 🚢
Qatar and Adnoc have LNG export plants in the Persian Gulf behind the strait
Qatar hasnt brought an empty LNG tanker through Hormuz yet. But it did send a few loaded shipments
After the Gulf was out for Eid holidays, a few things were different. #Oil had dropped $10/bbl in a week and more ships passed #hormuz_strait. But still no deal to end the #IranWar or extend the cease fire. I joined @lizzzburden on @business to discuss.
https://t.co/Sa25XWcsIR
The main natural gas plant that supplies fuel in the UAE will only return to full capacity next year, highlighting the long recovery times for some of the region’s most critical infrastructure. With our @Bloomberg TV interview by @JoumannaTV https://t.co/jj24FIhBne
Global oil markets are losing 100 million barrels every week the Strait of Hormuz is shut, according to the head of Saudi Arabia’s state oil producer. https://t.co/inAlgr88O1
Saudi @aramco reported a 26% increase in first-quarter profit as a war-induced rise in oil prices helped counter lower exports. Our story @business and happy to discuss on air with @JoumannaTV https://t.co/1XKFcftPe6
As the US naval blockade in the Strait of Hormuz tightens around Iran’s oil trade, exports have plunged and storage is rapidly filling. Already, the country has begun curbing production, according to a senior Iranian official. https://t.co/k7nauQy8X8
UAE oil giant @ADNOCGroup has managed to keep a trickle of LNG exports moving through the Strait of Hormuz by concealing tanker locations, as established producers shift tactics to navigate the conflict W/ @SStapczynski https://t.co/LkytmNoyq1