The possible reopening of the Strait of Hormuz may not prompt China to return quickly to prewar levels of oil purchases from the Persian Gulf.
Category: Oil (Petroleum) and Gasoline
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Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound
The New York Times – Business:More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.
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Oil Prices Firm Up as U.S.-Iran Deal Faces Tests
The New York Times – Business:Oil remains on track for a second straight weekly decline, but signs of cracks in the agreement to end the war have given traders pause.
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After Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously
The New York Times – Business:Shipping companies hoping to get their stranded vessels out face complications like mines and the lack of clear coordination.
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Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
The New York Times – Business:After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
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BP’s Former Chairman, Albert Manifold, Disputes How Company Characterized His Dismissal
The New York Times – Business:Albert Manifold, who was abruptly fired less than a year after he was appointed, said he was let go “without explanation.”
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Oil Prices Fall as Uneasy Truce Holds Between U.S. and Iran
The New York Times – Business:Oil/Stocks/Gas hed
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BP Ousts Chairman, Citing ‘Serious Concerns’ Over Conduct
The New York Times – Business:The British oil group said that Albert Manifold had been removed, after concerns were raised “related to important governance standards, oversight and conduct.”
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How Delta Steered Around Airline Industry Chaos
The New York Times – Business:The carrier has become the country’s most profitable by catering to affluent travelers, but it is facing stiffer competition from United.
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Global Oil Price Rises After U.S. Strikes in Iran Cloud Peace Deal
The New York Times – Business:Optimism for a resolution to the conflict and the reopening of the Strait of Hormuz was checked after the United States said it had carried out strikes on missile launch sites in Iran.
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Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
The New York Times – Business:An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.