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The company had last month halted all its shipments through the route following an attack on two of its very large crude carriers.
Read More »Saudi Aramco Resumes Oil Shipments through Red Sea Route
Saudi Arabia would Resume Oil Exports through Red Sea Lane
Saudi Arabia halted temporarily oil shipments through the lane on July 26 after attacks on two big oil tankers.
Read More »India Loaded 12 Percent Less Iranian Oil in June than in May on Sanctions Fear
Iran is now offering to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.
Read More »Saudi Arabia Supplying Fuel to Help Iraq Overcome Electricity Crisis
Talks between Iraq and Saudi Arabia have led to ``positive results`` in collaborating in the fields of fuel and energy.
Read More »GCC Condemns Houthi Attack on Saudi Arabia Red Sea Oil Tankers
An estimated 4.8 million barrels per day of crude oil and refined products flowed through the Strait in 2016 towards Europe.
Read More »Oil Rises on US-EU Trade Talks. Red Sea Shipping Suspension
U.S. crude oil inventories last week tumbled more than expected to their lowest level since 2015.
Read More »Aramco Unlikely to Reduce Oil Exports to West after Houthi Attack
Oil producer has alternative channels to transport crude to its customers in Europe.
Read More »Iran Extends Shipping. Insurance Cover to Keep Oil Flowing to India
Iran has started providing ships as well as insurance cover to continue exporting crude oil to India.
Read More »Trump Wishes EU to Become `Massive Buyer of US LNG`
Germany is taking every effort to implement the Russian-European Nord Stream 2 project.
Read More »Oil Rise after Saudi Arabia Suspends Shipments through Red Sea
Most exports from the Gulf that transit the Suez Canal and the SUMED Pipeline also pass through Bab al-Mandeb strait.
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