Japanese Prime Minster Shinzo Abe visited Iran this week in a bid to decrease tensions between the US and Iran. It was the first visit by a Japanese leader in 40 years. An explosion on a Japanese tanker in the Gulf of Oman marred the end of a disappointing visit. […]
The owner of one of two oil tankers attacked in the Gulf of Oman on Thursday says the crew saw “flying objects” before the ship was hit, seeming to contradict the US government’s narrative. The US military said it saw what it thought was an unexploded mine on the side […]
New photos and video show the aftermath of a suspected torpedo attack on an oil tanker in the Gulf of Oman. The oil tanker was evacuated on Thursday after catching fire. The company that chartered the ship said it believed it was hit by a torpedo. The ship is one […]
An oil tanker is on fire after an apparent attack in the Gulf of Oman. The tanker is owned by the Norwegian company Frontline, and the company that chartered the ship said it was “suspected of being hit by a torpedo.” Frontline said the crew was safe. A second tanker, […]
Saudi Arabia’s Energy Minister said on Monday that two Saudi oil tankers had been targeted in a “sabotage attack” off the coast of the United Arab Emirates. Energy Minister Khalid al-Falih confirmed in a statement by state-owned Saudi Press Agency that the attack occurred at 6 a.m. local time as […]
A fire aboard a Mexican oil tanker in the Gulf...
Iran's largest oil shipping company, NITC, has...
VIDEO: A UCLA scientist is developing technology that could increase speed and efficiency of large cargo ships and oil tankers
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:JuliusBeckmannMainFrankfurt_gobeirne.jpg”] “About half of the world’s total oil production of nearly 90 million barrels per day is transported over water,” write US Funds analysts.At some point, almost all of this seaborne oil passes through one of seven chokepoints, or a narrow body of water.
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:GAS_STATION_ATTENDANTS_PEER_OVER_THEIR_%22OUT_OF_GAS%22_SIGN_IN_PORTLAND,_ON_DAY_BEFORE_THE_STATE%27S_REQUESTED_SATURDAY…_-_NARA_-_555434.jpg”] The UK government has been accused of being “intent on creating a crisis” after urging the public to stock up on fuel ahead of a possible strike by tanker drivers, The Huffington Post reports. The announcement has created panic in Britain, with numerous pumps running dry […]
[credit provider=”Wikimedia” url=”http://commons.wikimedia.org/wiki/File:US_Navy_060618-N-8492C-221_The_Kitty_Hawk,_Ronald_Reagan_and_Abraham_Lincoln_Carrier_Strike_groups_sail_in_formation.jpg”] Why is the Strait of Hormuz so important?A narrow strip of water separating Iran from Oman, the strait is the major maritime link between the oil-rich Persian Gulf region and the rest of the world. Tankers carry 17 million barrels of oil, about a fifth of the […]
[credit provider=”Flickr | Official U.S. Navy Imagery” url=”http://www.flickr.com/photos/usnavy/6383350623/”] The European Union‘s unprecedented sanctions on Iranian oil exports are aimed at seriously punishing Iran over questions about the nature of its nuclear program, delaying military action, and, however likely or unlikely, spurring talks.The sanctions, agreed upon yesterday in Brussels but not to be implemented until July, […]
[credit provider=”Shipspotting” url=”http://www.shipspotting.com/gallery/photo.php?lid=986097″] The oil tanker Brillante Virtuoso is on fire after being attacked by Somali pirates Wednesday morning.Sources in the Kenyan Navy say a fire broke out in the crew quarters and on the bridge during the attack forcing both the crew and the pirates to abandon the vessel […]
[credit provider=”The Rogue Blog” url=”http://www.joemcginniss.net/new-york-times-calls-sarah-palin-the-woman-who-might-be-president/Joe%20McGinniss”] Good morning! Here’s what you need to know:1. The New York Times reports: “Backed by tanks and helicopter gunships, government forces smashed what remained of an armed uprising in Jisr al-Shoughour, after residents fled into neighbouring Turkey.”
[credit provider=”U.S. Energy Information Adminstration” url=”http://www.eia.doe.gov/cabs/world_oil_transit_chokepoints/Suez.html”] Gail Tverberg’s analysis of some of the underlying causes of the current Egyptian crisis is cogent, but one of the other consequences caught my attention today. For, as was noted in Forbes:While most equity-related assets got battered, a select group of stocks, oil shippers, […]