Chevron, one of the world’s largest oil companies, has changed its route for transporting oil from Kazakhstan to Asia, avoiding the Red Sea where Yemen’s Houthi rebels have stepped up attacks on shipping.
Red Sea
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The Iran-backed rebels have vowed to target American vessels in response to US and British strikes on their sites in Yemen. The Red Sea, a vital shipping route that connects…
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Geopolitical risks driving up oil prices could potentially position the energy sector for a comeback after lagging behind the rest of the US stock market for months. The S&P 500…
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The US and UK have launched air and sea strikes on Houthi targets in Yemen, in response to the rebels’ attacks on commercial vessels in the Red Sea. The strikes,…
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Oil prices jumped 1% on Tuesday, starting the New Year higher as a Red Sea naval clash focused attention on potential Middle East supply disruptions and expectations of Chinese economic…
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The price of oil has risen over 1% in Asian trade on Monday, supported by lower exports from Russia and as attacks by the Houthi rebels on ships in the…