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Oil Updates: Yemen's Iran-backed Houthi group has since November been attacking vessels in the Red Sea, part of a route that accounts for about 12% of the world's shipping traffic, in what they say is an effort to support Palestinians in the war with Israel.
QatarEnergy, the world's second-largest exporter of liquefied natural gas, has stopped sending tankers via the Red Sea, joining several other companies currently avoiding the world's main East-West...
QatarEnergy, the second-largest exporter of liquefied natural gas (LNG), has halted sending tankers via the Red Sea due to attacks by Yemen's Iran-backed Houthi group. Several tankers carrying Qatari LNG were held up over the weekend following air and sea strikes on Houthi targets by U.S. and British forces.
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About 12 per cent of world shipping traffic transits the Red Sea route and 4-8 per cent of global LNG cargoes have passed through it in 2023