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08.10.26 - 13:51
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Qatar Masses Tanker Fleet With 2% Of Global LNG Shipping Capacity (ZeroHedge)
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Qatar Masses Tanker Fleet With 2% Of Global LNG Shipping Capacity
Ongoing tensions in the Gulf region pushed Brent crude futures back above $101 a barrel. Reports of Houthi attacks in Saudi Arabia, missile interceptions near Riyadh, and concerns about tanker attacks in the Strait of Hormuz have produced a lot of uncertainty about supplies ahead of the Northern Hemisphere winter.
In recent weeks, crude flows through the Strait of Hormuz have increased, but only because of the US military presence in the critical waterway. Meanwhile, Trump administration officials have boasted that Iran's exports have plunged to zero.
Iran reiterated earlier this week that the Hormuz chokepoint won't reopen until US negotiators meet its conditions for a peace deal. The problem with that is that Goldman's most recent report on Hormuz crude flows shows they are back to prewar levels as Tehran's leverage erodes.
A new indication that Hormuz energy flows could ramp up comes from a Wednesday morning Bloomberg New...
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02.10.26 - 16:48
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Why Qatar Airlines Gets Cheaper Jet Fuel Outside of the Middle East (Bloomberg)
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Why does an airline like Qatar Airways need to source jet fuel outside of its own oil-rich region?
David Kang, former group treasurer at Qatar Airways, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss why the company often gets a better deal on jet fuel by looking outside of its own national petroleum provider. (Source: Bloomberg)...
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29.09.26 - 16:12
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Oil Slides As Qatar Touts ′Talks′ Again; Iran Struck Large Crude Tanker Overnight (ZeroHedge)
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Oil Slides As Qatar Touts 'Talks' Again; Iran Struck Large Crude Tanker Overnight
Iran is said to have struck a Very Large Crude Carrier in the Strait of Hormuz late on Monday, signaling what will likely be the resumption of strikes on foreign vessels seeking to navigate the Strait of Hormuz, after last week's diplomatic talks at the UN failed to produce a breakthrough. Still, for the time being more oil is being shipped through the strait compared to where the situation was for the past many months of war.
Maritime monitor UKMTO indicated the vessel was struck by a suspected unknown projectile, resulting in a fire. The fire looks to have been extinguished quickly, with the crew safe and the vessel underway on its transit.
On Tuesday Iran's parliament speaker Bagher Ghalibaf has reiterated that America should know that "in a region where we don't sell oil, no one will sell oil." He followed with, "If our security is not ensured, no infrastructure will be safe."
via IRN...
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