Iran Confirms Seizure of Oil Tanker in Strait of Hormuz
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Oil Tankers Jam Seas as Global Glut Builds
The amount of oil on tankers in transit has jumped to the highest since 2016, and this is cause for concern because it means there is too much oil around and it is not being consumed. That’s the message that Bloomberg had this week, citing Votexa data.
DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels said Monday they launched a missile at an oil tanker off the coast of Saudi Arabia in the Red Sea, potentially renewing their attacks targeting shipping through the crucial global waterway.
Shadow fleet vessels sailed unimpeded in EU waters after leaving slicks near the continent. BRUSSELS — Russian-linked vessels are continuing to leak oil off Europe’s shores — despite Western sanctions — underscoring the continent’s inability to ...