Tag: Pipelines
Mideast Oil Exports Rebound Even as Prices Remain Elevated
More tankers are moving through the Strait of Hormuz as shippers gain confidence, but the global supply of oil is still below demand.
Global Oil Price Drops Below $100 a Barrel
Investors anticipated that a damaged Saudi Arabian pipeline may be close to reopening, allowing more oil from the region to reach world markets.
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
Saudi Arabia’s Oil ‘Lifeline’ Was Attacked. Here’s What to Know.
A drone attack from Iraq forced Saudi Arabia to close its East-West pipeline, the kingdom said, threatening a key workaround to Iran’s Persian Gulf blockade.
Why These Giant Storage Tanks Increasingly Hold Very Little Oil
Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz
Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.