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Up to 25 oil tankers sailing to Saudi port of Yanbu as number of ships in the region struck increases
RIYADH: A convoy of at least 25 supertankers is heading to the port of Yanbu on the Red Sea, as Saudi Arabia races to get its oil to market after the US-Israel war with Iran halted shipping through the Strait of Hormuz. This fleet will provide the capacity to ship approximately 50 million barrels of oil from the port, according to ship-tracking data compiled by Bloomberg. If these tankers successfully load their cargoes, it will be a significant step toward easing the unprecedented disruption to energy supplies from the Arabian Gulf, Asharq Bloomberg reported.
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arabnews.com
Saudi ports brace for cargo surge as shipping lines reroute
RIYADH: Preliminary estimates suggest that several global shipping lines could reroute part of their operations to Saudi Arabia’s Red Sea ports, potentially adding 250,000…
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theguardian.com
Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon
Saudi Arabian state oil firm calls crisis by far the biggest but company can reroute 70% of exports via its east-west pipeline
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Up to 25 oil tankers sailing to Saudi port of Yanbu as number of ships in the region struck increases
RIYADH: A convoy of at least 25 supertankers is heading to the port of Yanbu on the Red Sea, as Saudi Arabia races to get its oil to market after the US-Israel war with Iran…
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With the Strait of Hormuz closed … how many days can the world withstand an oil disruption?
RIYADH: The Strait of Hormuz is one of the world’s most important maritime routes for the energy sector, with roughly 20 million barrels of oil passing through it daily, or about…