Category: Saudi Aramco

Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady

The New York Times – Business:
Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady

The New York Times – Business:
Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
Oil Prices Rise as Iran Steps Up Attacks and Fighting Intensifies

The New York Times – Business:
In a volatile moment for energy markets, more vessels are being hit while transiting the Strait of Hormuz, while the Houthis and Saudi Arabia traded attacks.
World’s Energy Order Tested Again as Iran War’s Reach Extends Further

The New York Times – Business:
“We are entering an age of prolonged insecurity,” one former U.S. energy official said of what have become chronic threats on the Middle East’s energy core.
Burst of Attacks in Gulf Heightens Fears Over Fragile Energy Trade

The New York Times – Business:
Strikes on tankers in the Strait of Hormuz and oil infrastructure in Saudi Arabia came as the region’s exporters were getting more oil to the world market.
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks

The New York Times – Business:
Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
Under Threat, Saudi Arabia Reroutes Oil Exports Yet Again

The New York Times – Business:
Forced away from the Strait of Hormuz in the Persian Gulf, the Saudis turned to the Red Sea. Now they are relying on a less dangerous but more complicated detour via the Suez Canal.
Gulf Oil Giants Push to Expand Overseas Stockpiles as Iran War Drags On

The New York Times – Business:
Saudi Arabia and the United Arab Emirates are seeking larger oil reserves in Japan and South Korea as regional conflict threatens supply routes.
Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz

The New York Times – Business:
Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
Oil Giant Saudi Aramco Reports 33% Profit Surge, Despite Iran War Disruptions

The New York Times – Business:
Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
Saudi Aramco Reports 33% Profit Surge Despite War’s Disruption

The New York Times – Business:
Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz

The New York Times – Business:
Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.