US war with Iran unlikely, but would devastate oil markets
Drone attacks on pipelines in Saudi Arabia and the mysterious alleged sabotage of tankers near Fujairah sent pulses racing, but a phony war in the Persian Gulf failed to trigger a feared triple-digit surge in crude prices.
A hot war, …
Violations of IMO 2020 Emissions Rules for Shipping Could Hit Insurance Cover
Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades.
United Nations shipping agency the International Maritime Organization (IMO) met in London this week for …
Attacking Gulf oil routes exposes alternatives to Hormuz
Attacks on Saudi and UAE oil assets built to bypass the Strait of Hormuz, a strategically important waterway in the Gulf, have raised fears that alternative routes could be vulnerable.
Four ships including two Saudi oil tankers were damaged in …
Physical Oil Traders Are Desperate for Crude
From Colombia to the North Sea, the Middle East to Texas, the global market for crude cargoes is becoming tighter by the week as supplies grow more constrained and risks to production spiral.
Prices for actual barrels from the North …
A new crude order in the offing
Crude geopolitics is on a roller coaster. Fireworks have begun. Yet despite fears of supply disruption, prices have not spiked to the extent it used to in the past. That is an interesting development indicating the growing disconnect between the …
From pirates to suicide bombers: previous Gulf naval attacks
Four ships were “sabotaged” off the coast of Fujairah on Sunday, according to the UAE and Saudi governments. However, it is not the first time that the vessels have been targeted in the Gulf region.
Despite being one of the …