oil shipping

Saudi Aramco shuttles oil north to evade Houthi blockade

Saudi Aramco is deploying a fleet of tankers to shuttle crude oil northward through the Red Sea, circumventing Houthi militant attacks that have targeted the kingdom's exports through the Bab el-Mandeb chokepoint in the south.

Saudi Aramco sells 4M barrels to China via Fujairah transfers

Saudi Aramco has sold at least 4 million barrels of crude oil loading outside the Strait of Hormuz to two Chinese refiners, according to Reuters, as the world's largest oil exporter works to reclaim market share lost during the prolonged…

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IRGC says Hormuz reopening hinges on US, not Oman talks

Iran's Revolutionary Guard declared Saturday that reopening the Strait of Hormuz depends on the United States accepting Iran's specific conditions and is unrelated to ongoing Iran-Oman negotiations, complicating what had appeared to be a diplomatic breakthrough just a day earlier.

Strait of Hormuz transits drop to just three ships amid US-Iran escalation

A drone struck an oil tanker near Iraq's Basra terminal on Thursday as shipping through the Strait of Hormuz fell to its lowest level since May, with just three commodity vessels crossing the waterway that day amid renewed fighting between…

Sinokor made millions running dark oil shuttles through Hormuz

As the Iran war choked off the world's most important oil chokepoint, a South Korean shipping company quietly became one of the conflict's biggest commercial winners. Sinokor Group, controlled by the reclusive tycoon Chung Ga-hyun, leased supertankers to Abu Dhabi…