Attacks on commercial ships in the Middle East this month have all but closed the vital Strait of Hormuz to oil tankers. One of the few alternative routes for oil exports from the region goes through ...

Saudi Arabia's crude oil loadings at its Yanbu port on ‌the Red Sea are set to surge to a record 3.8 million barrels per day (bpd) in March, shipping data showed on Wednesday, after the U.S.-Israeli ...

A huge number of tankers are now waiting to collect oil from Saudi Arabia’s key port in the Red Sea as Riyadh ramps up its efforts to bypass the Strait of Hormuz after the vital waterway was ...

About 10 million barrels of crude were loaded from the Red Sea’s Al-Muajjiz terminal in the first four days of March, implying a daily pace of roughly 2.5 million barrels, according to Kpler.

A flotilla of Chinese tankers is heading to the Red Sea as the country looks to pick up its Saudi Arabian oil imports. China — the world’s largest crude oil importer —is expected to bring in 2.1m ...