A ship was struck and damaged by an “unknown projectile” in the Red Sea, the United Kingdom Maritime Trade Operations (UKMTO) centre said this morning. “The master of the vessel reports being hit by unknown […]
Daily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being […]
Satellite images confirm the burning Sounion’s new location, 81 km offshore Eritrea in the Red Sea following a delicate towing operation over the weekend. The Delta Tankers vessel remains on fire, according to images sent […]
The Sounion suezmax, the ship that risks becoming the worst tanker spill this century, remains on fire and may be leaking oil, according to the US Department of Defense. The ship was attacked multiple times […]
Daily Standup Top Stories State Rankings: Electric Vehicles per Capita in the United States August 25, 2024 Stu Turley California leads the nation in electric vehicle adoption, with over 1.1 million EVs and the highest per […]
Oil prices are rising rapidly on Monday morning as global supply is threatened by geopolitical uncertainty. Israel and Hezbollah traded strikes on Sunday in the biggest military exchange between the two since 2006. Meanwhile, Russia […]
A Greek-owned and flagged oil tanker is on fire and adrift in the Red Sea after a series of attacks, British and Greek authorities say. The Sounion was first hit by gunfire from two small […]
Recent Houthi attacks in the Red Sea have sharply increased, disrupting shipping routes and impacting oil markets, Rystad Energy Global Market Analysis Director Claudio Galimberti said in a market update sent to Rigzone by the Rystad team […]
Despite belligerent rhetoric and videos and images of enhanced military assets, it has now been eight days since the last confirmed incident in the Red Sea reported by merchant vessels to the United Kingdom Maritime […]
Additional tonne-miles in 2024 could smash records, according to new analysis from Clarksons Research. If the Red Sea shipping crisis persists throughout the year – as many analysts are now forecasting – Clarksons estimates shipping […]
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