Kuwait Petroleum Corporation began cutting oil output on Saturday and declared force majeure, adding to earlier oil and gas reductions from Iraq and Qatar as the U.S.-Iran war blocked shipments from the Middle East for the eighth consecutive…
Kuwait Declares Force Majeure, Cuts Oil Output Amid Gulf War Read More »
Warning follows lull in attacks on shipping after deadliest attack yet in the Strait of Hormuz
High-risk ships told to keep moving to avoid attack in Middle East Gulf Read More »
Eighteen-year-old Moss-type vessel heads for new life as regas unit
Karpowership inks job for eighth LNG carrier-to-FSRU conversion with Seatrium Read More »
Oilmar boss tells TradeWinds that costs are volatile as uncertainty grows
Gulf bunker supplies tighten as some deliveries halted amid price spikes Read More »
The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth.Against the surging greenback, the euro EUR= and sterling GB…
US-Israel War with Iran Sends Oil Above $100 Read More »