Callum Macpherson News Today

to protect commercial ships in the red sea. countries joining the security group include the uk, france, canada, bahrain, norway and spain. it comes after the energy giant, bp, suspended its shipping operations through the red sea because cargo vessels are being attacked by houthi rebels from yemen. this is the route taken by around 12% of world shipping which then passes through the suez canal. but several major freight companies have now stopped passing through here. because of the r...

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Oil prices are poised to hit $100 a barrel by May, analysts have warned, as Saudi Arabia extends supply cuts.

LONDON: Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations...

Opec's stranglehold on the market is easing and may disappear forever

Qatar has suspended shipments of liquefied natural gas (LNG) through the Red Sea in a move that could force Britain to rely on its emergency fuel stockpiles.

Houthi attacks in the important shipping corridor continue to cause disruption

OPEC+ is facing a difficult 2024 with non-OPEC supply rising and continuous uncertainty about demand and demand growth

At their latest meeting in early December, the Organization of Petroleum Exporting Countries and its partners, led by Russia, agreed to reduce their combined production of crude oil to some 2.2 million barrels daily. This was the latest in a series ...

Red Sea: Diversions around the Cape of Good Hope can lengthen tanker voyages to Europe by up to three weeks, leading to higher freight costs and potentially supply disruption.