Oil Loadings Suspended at Saudi's Red Sea Port of Yanbu, Shipping Sources Say
14 Articles
14 Articles
Saudi Arabia stopped the shipment of oil to the largest port of Yanbu in the Red Sea following an attack by drones on a strategic pipeline, wrote Reuters Agency. The incident affected the infrastructure used to transport the raw materials bypassing the Ormous Strait, transmitting RIA News. "The loading of oil at the Saudi port of Yanbu in the Red Sea was suspended a few days after the world's largest oil exporter closed its east-west oil pipelin…
Where is the Saudi oil supposed to go now? Two straits and a pipeline are closed. Asking Washington for help is pointless: Trump cannot afford the Saudi problem in his fight against Iran.
Oil prices rose by nearly three dollars today, Tuesday, after a report on the suspension of the loading of oil at the Saudi port of Yumb on the Red Sea, and after Libya suspended operations in three oil fields, raising concerns that disturbances in major oil supply routes could continue for weeks. The future contracts of Brent increased by $2.81 per cent to $108.49 per barrel, while the future contracts of West Texas middleman increased by $3.29…
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