Saudi Arabia’s major pipeline shut down; 4% of global oil supply at risk
A key pipeline used for Saudi Arabia’s oil exports has been damaged in a Houthi attack. If this Red Sea-bound line cannot be restarted quickly, the country faces…
Tag: oil
Reuters Report | Unprecedented slump in Iran’s oil exports; economy under pressure
For the first time in nearly seven weeks, the export of significant quantities of Iranian crude oil through the Strait of Hormuz has come to a halt. A…
