未分类

The East-West Pipeline in Saudi Arabia, which delivers oil to the shores of the Red Sea, has been an important workaround to the choking of tanker traffic by Iran in the Strait of Hormuz, the only exit for tankers from the Persian Gulf to the open sea. The Saudi government claims that 7 million barrels

Gulf states called off Monday’s planned meeting with Iran on reopening the Strait of Hormuz the same day Yemen’s Houthis fired dozens of missiles and drones at Saudi Arabia’s King Khalid airbase in Khamis Mushait, calling it retaliation for more than 300 Saudi airstrikes on Yemen in five days. A Friday drone attack Riyadh blamed

LNG prices are set to remain at elevated levels over the next few months amid the massive supply disruption from the Middle East, Chevron Australia says. “I have a hard time seeing the prices come down” in the next six months or so, Balaji Krishnamurthy, Managing Director of Chevron Australia, told Bloomberg TV in an

Published by Jody Dodgson, Editorial Assistant Global Mining Review, Monday, 14 September 2026 12:00 Advertisement The Society for Mining, Metallurgy & Exploration (SME), its divisions and affiliates are once again offering scholarships to SME student members seeking a career in the mining and minerals

Europe’s benchmark natural gas prices jumped by 6% at Monday market opening in Amsterdam as oil prices rallied amid the escalation in the Middle East that threatens the recovery of energy flows. The front-month price at the Dutch Title Transfer Facility (TTF), the benchmark for Europe’s gas trading, soared by 6% as of 7:50 a.m.

Asian refiners are not sure yet how the shutdown of the key Saudi East-West oil pipeline to the Red Sea would affect oil loadings at the port of Yanbu. Saudi Arabia was forced to temporarily shut down the East-West oil pipeline following drone attacks launched from the territory of Iraq close to the Iranian border.

The number of commodity vessels observed to have transited the Strait of Hormuz crumbled to single digits this weekend, and risks to supply from the Middle East soared after Saudi Arabia shut down the key East-West pipeline it uses to ship crude from the Red Sea to bypass Hormuz. The number of commodity vessels that

The recent spike in crude oil prices will likely result in a fresh rate hike by the Fed this week, according to data from CME Group, cited by The National today. As much as 90% of respondents from trading circles expect a rate hike of 25 basis points, after last week, the European Central Bank

The Middle East needs alternative export routes for liquefied natural gas that bypass the Strait of Hormuz, Oman’s Minister of Energy and Minerals said at Gastech today. LNG exports from the Persian Gulf have collapsed since the start of the war between the United States and Israel and Iran. “Let’s identify alternative export options,” Salim

Brent crude hit $108 per barrel earlier today, following the latest escalation in the Middle East, before retreating to $107.22 per barrel at the time of writing. West Texas Intermediate was trading at $102.66 per barrel. The surge follows the news of a drone attack on Saudi Arabia’s East-West pipeline that could cut off another