Sunday, July 12, 2026
Iran is consolidating control of Hormuz with island checkpoints, diplomatic deals – and sometimes ‘fees’- oil and gas 360

Iran is consolidating control of Hormuz with island checkpoints, diplomatic deals – and sometimes ‘fees’

(BOE Report) – The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz. The 330-metre-long Agios Fanourios I, laden with Iraqi crude oil and bound for Vietnam, had been bottled up off the coast of Dubai since late April.

Oil shipments in European oil hub delayed after cyber attacks- oil and gas 360

Oil shipments in European oil hub delayed after cyber attacks

Reuters LONDON, Feb 4 – Tanker and barge shipments in and out of Europe’s biggest oil hub have been delayed by up to a week as four storage companies scramble to resume operations after cyber attacks, sources familiar with the matter said. Since the end of last week, storage company Oiltanking and oil trading firm Mabanaft, both owned by Germany’s

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions- oil and gas 360

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions

Reuters Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. The United States had imposed sanctions on Venezuela’s state-owned oil company as part of a bid to topple that country’s socialist president, Nicolas Maduro. U.S. refineries stopped buying Venezuelan crude. Caracas’ ally

Canadian Heavy Oil Prices are Falling Faster than Global Crude Benchmarks - Oil & Gas 360

Canadian Heavy Oil Prices are Falling Faster than Global Crude Benchmarks

Tanks in Alberta filled up to a new record high of 37.11 million barrels of oil There is more oil in storage now than when Alberta mandated producer curtailments From O.Canada CALGARY – Canadian heavy oil prices are falling faster than global crude benchmarks as there is more oil in storage in Alberta now than six months ago when the