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HomeRed Sea

Red Sea

Sea
Geopolitical

Houthis threaten to cut intercontinental internet cables running along Red Sea bottoms

February 5, 2024 Mariel Alumit

Yemen’s AnsarAlla threatens to cut fibre optic cable in the Red Sea and the region, Azernews reports, citing foreign media. This will happen if the US and UK strike Yemen’s airports again. Internet cables serve as communication […]

Trafigura
Crude Oil News

Industry heavyweights weigh in on Red Sea security solutions for shipping

January 31, 2024 Mariel Alumit

Arsenio Dominguez, the new secretary-general of the International Maritime Organization (IMO), has called for a “multi-faceted” solution to the ongoing Red Sea shipping crisis. Assuming the top post at the London United Nations body at […]

Trafigura
Crude Oil News

Trafigura assesses Red Sea risks after tanker attacked by Houthis

January 27, 2024 Stu Turley

DUBAI, Jan 27 (Reuters) – Commodities trader Trafigura said on Saturday it was assessing the security risks of further Red Sea voyages after firefighters put out a blaze on a tanker attacked by Yemen’s Houthi […]

tanker
Diesel

Fuel tanker costs surge on Red Sea crisis – Bloomberg

January 27, 2024 Mariel Alumit

  Houthi attacks in the waterway have prompted many companies to redirect vessels to longer and more expensive routes The cost of shipping fuel by sea has in some cases soared above $100,000 a day […]

PPI
Geopolitical

Red Sea crisis could re-ignite inflation

January 27, 2024 Mariel Alumit

Prolonged Houthi attacks on ships risk devastating effects on the global economy, according to OilPrice Higher freight costs and delays in cargo deliveries amid the Red Sea crisis could drive up global inflation, according to […]

Houthi
Geopolitical

Red Sea naval forces struggle to contain Houthi attacks

January 25, 2024 Mariel Alumit

The futility of 22 naval ships trying to patrol 2,200 km of Yemeni coastline were once again exposed yesterday with two US-flagged Maersk boxships fired upon by the Houthis as shipping comes to terms with […]

Oil
Crude Oil News

Oil Strategists Do Not Expect Mid East Tensions to Reduce Crude Supply

January 22, 2024 Mariel Alumit

In an oil and gas report sent to Rigzone recently, Macquarie strategists said they do not expect current Mid East tensions to reduce crude supply, “even with large changes to normal shipping routes already underway”. […]

Climate Crisis

Daily Energy Standup Episode #288 – LNG Diverts, Climate Agendas Clash, and Trump’s Potential Oil Impact – A Davos Special

January 17, 2024 Andy Del Prado

Daily Standup Top Stories LNG Tankers Divert From Red Sea as Qatar Warns of Escalation January 16, 2024 Stu Turley Qatar rerouted three vessels heading to Europe via Suez Canal Russia also avoiding key waterway as […]

Exports

LNG Tankers Divert From Red Sea as Qatar Warns of Escalation

January 16, 2024 Stu Turley

Qatar rerouted three vessels heading to Europe via Suez Canal Russia also avoiding key waterway as Houthi attacks continue Liquefied natural gas suppliers, including Qatar and Russia, are avoiding the Red Sea amid heightened risk […]

Red Sea
International News

India raises ‘grave concerns’ with Iran over Red Sea attacks

January 16, 2024 Mariel Alumit

New Delhi has called the Houthi attacks on merchant vessels a “matter of great concern” for the international community Indian Foreign Minister Subrahmanyam Jaishankar, who was in Tehran for a two-day visit, has said that […]

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