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Keywords: Oil exports
The United States Central Command said more than 20 American warships are enforcing a naval blockade targeting Iran, with 62 commercial vessels redirected and four others neutralized since operations began on April 13. The campaign forms part of the Trump administration’s “Operation Economic......
A United States Navy F/A-18 Super Hornet fired 20mm cannon rounds at the rudder of an Iranian-flagged oil tanker Wednesday, disabling the vessel as it attempted to reach an Iranian port in defiance of the American naval blockade. The strike, confirmed by US Central Command, marks the second time American......
An Iranian supertanker loaded with more than 1.9 million barrels of crude oil has successfully navigated past the American naval blockade and reached Southeast Asian waters, in one of the most direct challenges yet to Washington's efforts to choke off Tehran's petroleum exports. The vessel, a......
Oil prices extended their upward momentum on Wednesday as geopolitical tensions intensified around Iran and global supply risks deepened. Traders reacted to renewed threats from United States President Donald Trump and escalating uncertainty in the Middle East, pushing crude benchmarks to multi month......
Crude exports from Saudi Arabia rose to 7.276 million barrels per day in February, up from 6.993 million in January, reaching their highest level in several years. The increase of 283,000 barrels per day reflects a steady ramp up in output as the kingdom positioned itself amid rising geopolitical tensions......
A surge in Brazilian heavy fuel oil exports to Southeast Asia in March has helped relieve a severe bunker fuel supply crisis at Singapore, the world's largest ship refueling hub, after weeks of war-related disruptions strangled flows through the Strait of Hormuz, according to Reuters and maritime......
China is drawing on years of strategic preparation to cushion the impact of escalating disruptions to global oil flows, as military tensions involving Iran enter a third week. As the world’s largest oil importer, Beijing has relied on large crude stockpiles, alternative shipping routes, and rapid......
Global oil prices declined on Wednesday after Iraq and Kurdish authorities agreed to restart crude exports through Turkey’s port of Ceyhan, offering limited relief to a market strained by weeks of supply disruptions linked to the Middle East conflict. Brent crude futures fell about 2.2 percent......
Oil prices declined on Wednesday as a sharp increase in US crude inventories and a deal to resume Iraqi exports offset ongoing fears of supply disruptions linked to tensions with Iran in the Gulf. Brent crude dropped about 1.2 percent to around 102 dollars per barrel, while US West Texas Intermediate......