Saudi Arabia considers expansion of oil pipeline to Red Sea

Saudi eyes bigger Red Sea pipeline to bypass Hormuz risks

DUBAI/LONDON: Saudi Arabia is considering expanding the capacity of its crude oil pipeline to the Red Sea, a move that would allow the kingdom and potentially neighboring Middle East states to export more oil without relying on the Strait of Hormuz, five sources familiar with the matter said. The East-West pipeline, built in the early 1980s, has become increasingly important s

Saudi Arabia Explores East-West Pipeline Expansion to Bypass Strait of Hormuz

Saudi Arabia is in preliminary discussions to expand the capacity of its East-West crude oil pipeline by up to 2 million barrels per day (bbl/d), according to Reuters. The proposed expansion aims to enable the kingdom and neighboring Gulf states to transport higher volumes of crude oil and refined products directly to the western Red [] The post Saudi Arabia Explores East-West Pipeline Expansion to Bypass Strait of Hormuz first appeared on Egypt Oil Gas.

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Saudi Arabia sent largest oil shipment in four months through Hormuz

This indicates an increase in Saudi Arabia's oil exports after the United States and Iran agreed in June to resume maritime transit through the Strait of Hormuz, Bloomberg said

The Commodities Feed: Oil bounces on Persian Gulf re-escalation

ASIA/PACIFIC: Re-escalation in the Persian Gulf has reignited supply concerns, pushing oil prices higher amid questions about the direction of US-Iran peace talks

Saudis Slash Main Oil Price To Rare Discount As Market Dives

Saudi Arabia has long been the custodian of the global oil market, boosting or reducing output when it has seen the need to do so.

European Union: Oil Flows from Middle East Recovering

European Union: Oil Flows from Middle East Recovering

Technology Opens Up New Area in the Gulf of America to Oil Production

Offshore production in the Gulf of America currently supplies about 15 of U.S. oil production and supports jobs, investment, and The post Technology Opens Up New Area in the Gulf of America to Oil Production appeared first on IER.

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt

ALBAWABA- Major Gulf oil producers are rapidly ramping up crude exports as regional shipping routes recover, with Saudi Arabia restarting loadings at its critical Ras Tanura terminal after a nearly four-month suspension, while Kuwait and Qatar also boost output amid improving security conditions in the Strait of Hormuz...

The Crypto Startup Trying to Put a Barrel of Oil on Blockchain

The oil industry has spent more than a century pushing into new frontiers. Its engineers pulled crude from beneath deserts, oceans and frozen tundra. Its traders built markets that turned oil into the world’s most actively traded commodity.

Riyadh sends biggest oil shipment through Hormuz since February conflict

Saudi Arabia has transported its largest oil shipment through the Strait of Hormuz since the outbreak of the U.S.-Israel conflict with Iran in February, according to Bloomberg, AzerNEWS reports.

[Photo] JUST IN: 🇯🇵 Ten Japan-linked oil tankers leave the Strait of Hormuz after months of be [...]

JUST IN: Ten Japan-linked oil tankers leave the Strait of Hormuz after months of being stuck in the Gulf.@BRICSNews

Harga minyak mentah jatuh ke paras sebelum krisis di Asia Barat

PETALING JAYA: Harga minyak mentah jatuh ke paras sebelum krisis dan trend tersebut dijangka berterusan dalam tempoh terdekat susulan langkah pengurusan risiko pasaran yang proaktif serta pemulihan pantas rantaian bekalan dari Asia Barat. Kontrak niaga hadapan minyak mentah Brent kini menghampiri paras AS72 setong, manakala penanda aras Amerika Syarikat (AS), West Texas Intermediate (WTI) berada ... Read more The post Harga minyak mentah jatuh ke paras sebelum krisis di Asia Barat appeared first on Utusan Malaysia.

'Natural leak' of oil detected in the St. Lawrence

Scientists observed oil rising from the seabed in the heart of the Gulf.

Strait of Hormuz ship traffic comes under renewed pressure

At least 12M barrels of crude oil crossed strait Tuesday, including 6.1M from Saudi Arabia, 3.9M from UAE and 2M from Qatar, according to Kpler data

OPEC+ boosts oil production as Gulf exports recover

Seven OPEC+ producers have agreed to increase oil production from August, signalling confidence that Gulf exports are recovering after months of disruption caused by the Middle East conflict. The move comes as shipping through the Strait of Hormuz gradually returns to normal.

Oil prices little changed as US-Iran peace efforts hold

Oil prices saw minimal change as peace talks between the U.S. and Iran offered hope for the Strait of Hormuz's reopening. Despite recent skirmishes, a potential deal is expected to hold, boosting Middle Eastern supply. Gulf producers, including Kuwait and Saudi Arabia, are increasing output, leading to a near-term oil glut and a shift in market structure. This increased availability is outpacing demand, particularly from China.

While Oil Prices Have Fallen From Their Peak, Here's Why They Could Rise Again in the Future.

The agreement to end the Middle East conflict has pushed oil prices lower, but that could be a temporary reprieve.

KazMunayGas, Chevron discuss oil export diversification via CPC and BTC routes

KazMunayGas, Chevron discuss oil export diversification via CPC and BTC routes

Middle East Oil, LNG Exports Continue Despite Ship Attacks

Middle Eastern oil producers are continuing to load oil and liquefied natural gas (LNG) despite recent attacks on ships in the Strait of Hormuz and renewed tensions between the U. S. and Iran. Shipping data shows that energy shipping in the strait faced delays after attacks on a container ship and an oil tanker prompted [] The post Middle East Oil, LNG Exports Continue Despite Ship Attacks appeared first on Modern Diplomacy.

Saudi makes Aug crude oil cheaper for Asian buyers

Saudi makes Aug crude oil cheaper for Asian buyers

KAPLAN: Alberta’s pipeline dream may depend on taxpayer subsidies

Showing demonstrated oil sands supply to support expanded pipeline egress will be critical to the credibility of the Alberta government’s upcoming submission to the Major Projects Office (MPO) on the proposed West Coast Oil Pipeline (WCOP). This includes a realistic identification of oil sands producers who have commercially viable projects, including greenfields, in the queue to support expanded pipeline egress capacity. A greenfield oil sands project refers to an entirely new development of a mining or in-situ oil sands project, rather than the expansion of an existing oil sands facility.

Hydrocarbons: Corfu drilling enters final stretch, Kyparissiakos to follow – Exploration timeline

The American oil company is entering “Block 10” with a 70 stake, while the first exploratory drilling west of Corfu is scheduled for February 2027 The post Hydrocarbons: Corfu drilling enters final stretch, Kyparissiakos to follow – Exploration timeline appeared first on ProtoThema English.

Oil tankers navigate the Strait of Hormuz despite threats from Iran’s Revolutionary Guard

DUBAI, United Arab Emirates (AP) - A series of oil tankers has navigated the Strait of Hormuz, using a new route close to Oman's shores that has been ...

Pakistan Welcomes Progress in U.S.-Iran Talks

U.S. Vice President said that crude oil and natural gas are flowing through the Strait of Hormuz. On Monday, Pakistan’s Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar welcomed the progress achieved during high-level technical talks between the United States and Iran in Burgenstock, Switzerland, reaffirming Pakistan’s commitment to facilitating dialogue. RELATED: Iran Walks []

Oil prices fall to pre-war levels as Strait of Hormuz traffic resumes

Oil prices have retreated to levels last seen before the start of the war in the Middle East as the crucial Strait of Hormuz reopens gradually and vessel traffic resumes following...

Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market

The global oil market may be entering a new phase where the primary price driver is not supply disruption, but the urgent need to rebuild depleted strategic and commercial inventories. Governments, refiners, and traders around the world face mounting pressure to replenish oil stocks that were drawn down during a period of sustained emergency releases [] The post Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market appeared first on Foreign Policy Journal.

How Saudi Arabia Could Strip Iran Of Its Hormuz Leverage

Saudi Arabia is in talks with Gulf neighbors to expand its East-West pipeline, aiming to strip Iran of its leverage over the Strait of Hormuz.