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Increased vessel attacks drive Hormuz oil exports 'sharply lower', report says

Increased vessel attacks drive Hormuz oil exports 'sharply lower', report says Hormuz oil exports were “sharply lower,” falling to a seven-day average of 9.9 million barrels per day as of October 7, 42 percent below prewar levels and down from about 15.5 million in September, according to Kpler data cited by the Financial Times. Kpler said that flows had recovered to prewar levels in September but "intensified attacks on vessels" had driven exports "sharply lower" this week. Energy analyst Ro…

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Saudi Energy Minister Signs MoUs on Energy Cooperation with Mongolia, Tanzania, Cyprus, and Mauritius

Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz signed in Riyadh on Monday four memoranda of understanding with ministers from Mongolia, Tanzania, Cyprus and Mauritius to strengthen cooperation across a range of energy fields. The MoUs were signed on the sidelines of the 25th WPC Energy Congress, hosted by Saudi Arabia through October 15 under the theme “Pathways to an Energy Future for All."

Asharq Al-Awsat English