Houthi-Bombed Greek Tanker Larger than Exxon Valdez Disaster Ship Spilling Oil into the Red Sea
The Pentagon said Tuesday that a Greek-flagged oil tanker Sunion, The ship, which was left abandoned in the Red Sea following a pirate attack by Iran-backed Houthi terrorists from Yemen on August 21, appears to be leaking oil, which could be a harbinger of a much-feared environmental disaster. of Sunion It was en route from […]
Risk of ‘extremely serious’ oil spill grows in Red Sea following attack
International shipping authorities are extremely concerned about the possibility of an environmental disaster in the Red Sea following an attack on a tanker carrying around one million barrels of crude oil. According to the US military, the Greek-flagged MV Delta Sounion was attacked by sailors from the Iran-aligned Houthi rebel group in Yemen last Wednesday […]
Russia-Ukraine war live: Ukrainian drone attack sparks fire at Rostov oil depot | Russia
Rescue workers found more bodies in the wreckage of the hotel. Kryvyi Rikh Ukraine's national emergency service said on Telegram that it had been hit by a rocket attack on Tuesday. A total of four people were killed and five injured in the attack.
U.S. Crude Oil, Product Inventories Present A Clean Sweep Of Draws – OilPrice.com
U.S. crude oil inventories fell by 3.4 million barrels in the week to Aug. 23, according to the American Petroleum Institute. Analysts had been expecting a fall of 3 million barrels. API reported that crude oil inventories increased by 347,000 barrels last week. So far this year, crude oil inventories are down 2.642 million barrels, […]
ExxonMobil Expects Little Change in Oil Demand over Next 25 Years
ExxonMobil released a report on Monday predicting that oil demand will “plateau” in 2030 and then remain relatively stable for the next two decades — a prediction that's at odds with the political talk of a “green energy transition.” ExxonMobil's “plateau” in oil demand Calculated At 102.2 million barrels per day, this is roughly the […]
Greek Oil Tanker that Iran-Backed Houthis Hit Becomes ‘Ecological Disaster’ in Red Sea
US Ambassador to the United Nations Linda Thomas-Greenfield on Sunday condemned Iranian-backed Houthi terrorists in Yemen for attacking a Greek oil tanker and causing “an environmental disaster with devastating consequences for the region.” Thomas Greenfield said The United Nations Security Council (UNSC) should “demand immediate compliance with Resolution 2722” Council Passed They passed a resolution […]
Rate Cut Euphoria Fades as Oil Prices Jump 3.5% – OilPrice.com
U.S. futures started the week with a modest gain, with small caps leading the way. Last week’s gains were fueled by investor enthusiasm after Fed Chairman Jerome Powell’s dovish tone at Jackson Hole, which spurred investors to buy stocks, but the momentum has since faded. As of 8 a.m. ET, S&P 500 futures were up […]
Oil prices rise with no Gaza ceasefire in sight – Investing.com
Investing.com — Oil prices rose in Asian markets on Monday, continuing a rebound from the previous day’s trading as media reports showed no progress towards a ceasefire between Israel and Hamas and hostilities continued in the region. Oil markets also rose on optimism about lower U.S. interest rates after Federal Reserve Chairman Jerome Powell’s comments […]
Graham: Israel should threaten to ‘blow up’ Iran’s oil refineries if hostages don’t come home
Senator Lindsey Graham (R-Israel) has recommended that Israel threaten to “blow up” Iranian oil refineries if the remaining hostages held by Hamas in the October 7 terror attacks are not released immediately. Appearing on CNN’s “State of the Union,” Graham was asked to comment on reports that the Israeli military had preemptively destroyed thousands of […]
Oil Buying Opportunity May Have Arrived Citi – OilPrice.com
Oil prices have fallen, with Brent crude trading at around $77 a barrel, leading some market analysts to see a short-term buying opportunity. Despite a recent easing in geopolitical tensions, this price pressure is likely a precursor to a rebound, according to an Aug. 21 Citi Research report seen by Investing.com. The recent price decline […]