Saudi-backed Yemeni Government forces staged a lightning advance on Monday to retake the coast around the Bab el-Mandeb Strait up to the city of Mocha, the government said, pushing the Iran-backed Houthis out of most of the areas they seized…
A review of Poten's Daily Market Report, which monitors spot freight rates on many of the key tanker trade routes, shows eyewatering numbers. Across the board, tanker rates have reached levels never seen before (see Chart 1, below).
On Sunday, Iran hit another tanker in the Strait of Hormuz, extending a fast-paced run of attacks on the "shuttle" shipping trade between Gulf oil producers and the STS transfer zone in the Gulf of Oman. Vanguard Tech has identified…
With the naval blockade preventing any Iranian tankers leaving the Gulf, for the last 10 weeks Iran has been selling oil from the stocks it had built up for just such a contingency which are being held afloat primarily off…
The U.S. Coast Guard confirmed that it has been stopping vessels transporting oil to Cuba, with two ships stopped earlier in the summer. It has resumed the enforcement of the Trump administration’s imposed embargo on fuel shipments to the Caribbean…
Venezuela's oil exports declined to 1.08 million barrels per day (bpd) in September from 1.19 million bpd the previous month as traders pressed state-run PDVSA for price discounts to offset rising freight costs, shipping data showed on Thursday.Global trading houses…
