Houthi attacks in the Red Sea: Oil tanker appears to be leaking oil ...
WEBAug 28, 2024 · The Greek-flagged crude oil tanker Sounion that was recently attacked by Yemen’s Houthis is still on fire in the Red Sea and now appears to be leaking oil, a Pentagon spokesman said on...
Red Sea crisis: How global trade is being upended by attacks on ... - CNN
WEBFeb 8, 2024 · Attacks on container ships in the Red Sea have wreaked havoc on one of the world’s most important trade routes, increasing shipping costs and raising inflation fears. Here’s what you need to...
Red Sea ships attacks push 47% more crude oil, fuels around Africa
WEBJun 11, 2024 · Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West is up 47% since attacks began on vessels using the shorter Red Sea route, the Energy...
What Does the Red Sea Crisis Mean for Oil Prices?
WEBDec. 19, 2023. Share full article. The Latest. Energy companies like BP and shipping companies that transport crude oil have stopped sending some tankers through the Red Sea to avoid the threat...
Red Sea chokepoints are critical for international oil and natural …
WEBDec 4, 2023 · The SUMED pipeline transports crude oil north through Egypt and has a capacity of 2.5 million barrels per day. The Bab el-Mandeb Strait is between the Horn of Africa and the Middle East, connecting the Red Sea to the Gulf of Aden and Arabian Sea.
Fears of higher oil prices after Red Sea attacks - BBC
WEBDec 19, 2023 · Attacks on commercial ships in the Red Sea risk pushing up the price of oil and other goods, analysts have warned. Several firms have paused shipments through the route after vessels were...
Red Sea worries cause spike in refined fuel prices, but market will ...
WEBLAUNCESTON, Australia, Jan 30 (Reuters) - The main impact from the escalating tensions in the Middle East and the threat to ships transiting the Red Sea isn't on crude oil prices. It's...
Oil rises 1% as Red Sea shipping concerns unnerve traders
WEBDec 19, 2023 · U.S. launches multinational push to safeguard Red Sea commerce. Disruptions raise geopolitical risk premium in oil prices. U.S. crude, fuel stocks rose last week - sources citing API data.
Red Sea attacks increase shipping times and freight rates
WEBFeb 1, 2024 · Brent crude oil spot prices for the week ending November 17, 2023, the week before attacks on ships in the Red Sea began, were $82 per barrel (b). Since then, prices have traded in range, and they closed at $79/b as of January 18, 2024.
Oil Prices Rise Amid Violent Attacks In Red Sea: Will Gas Prices ...
WEBJan 16, 2024 · The recent rise in prices comes amid escalating conflict in the Red Sea, a 1,400-mile-long body of water connecting the Indian Ocean to the Mediterranean Sea through the Suez Canal, where...