Yemen's Houthi leader says could target Saudi oil tankers if Hodeidah attacked

DUBAI (Reuters) – Yemen’s Houthi leader Abdel-Malek al-Houthi said on Thursday his group could target Saudi oil tankers should Saudi Arabia attack Yemen’s main port at Hodeidah. “We could target Saudi oil tankers and we could do anything,” he said. In a televised speech, the leader also said his group’s ballistic missiles were capable of […]

Hormuz and Malacca Remain Top Oil Chokepoints

The U.S. Energy Information Administration has released its 2017 World Oil Transit Chokepoints report highlighting that, by volume of oil transit, the Strait of Hormuz and the Strait of Malacca are the world’s most important chokepoints. Chokepoints are narrow channels along widely used global sea routes for oil transport, with some so narrow that restrictions are […]

Ships Exporting Iranian Oil Go Dark, Raising Sanctions Red Flags

Ships chartered by two oil traders responsible for a significant share of Iran’s fuel exports last year failed to transmit their location and the origin of their cargo — red flags for governments seeking evidence of evasion of sanctions on Tehran. The ships’ radio-signal tracking systems were often not in use and occasionally indicated the […]

Nigeria’s Crude Oil Exports to Surpass One-year High in August

Ejiofor Alike with agency report Nigeria’s crude oil exports are set to surpass two million barrels per day (bpd) in August, the highest in 17 months, as the country’s oil and gas industry nears a full recovery from attacks by the Niger Delta militants that crippled production in 2016. It is expected that if the […]

How to Save Libya From Itself? Protect Its Oil From Its Politics

By MUSTAFA SANALLA (NOC Chairman) TRIPOLI, Libya — For years now, opportunists of all stripes, local and international, have tried to profit from Libya’s seemingly endless instability by disrupting its oil production. The latest incident was triggered by the recent, sudden souring of relations between Qatar on the one hand and Saudi Arabia, the United Arab Emirates, Egypt and […]

Waters of Black Gold: The Strait of Hormuz

By Imran Shamsunahar] What distinguishes navies from that of other branches of the military is that their raison d’etre is often inherently economical in nature. Navies primarily exist to protects one’s sea lines of communications (SLOCs) in trade and natural resources, while threatening those of your enemy’s in times of war. As the classical seapower theorist Mahan would memorably […]

Libya seizes oil tankers after shootout at sea

Ukrainian and Congolese-flagged vessels caught loading Libyan oil detained after a fierce, hours-long gun battle. Libya’s coastguard has seized two foreign flagged tankers and detained their crews for allegedly smuggling oil after an hours-long gun battle off the coast. The coastguard spotted the vessels on Thursday night about 2km off Sidi Said near Zuwara, a […]

Gas and fuel crisis commission in Libya begins new operation to end fuel smuggling

The gas and fuel crisis commission of the Government of National Accord (GNA) has launched “The Storm of the Mediterranean” operation that aims to end fuel and gas smuggling from Libya. According to the commission, the operation will be conducted by the naval forces and air force of the Libyan government. “The Libyan warplanes will […]

The ongoing fight for Libya's strategic 'oil crescent'

Libya’s warring camps remain locked in conflict over North African country’s oil-rich central region. By Jihad Nasr TRIPOLI, Libya Forces loyal to Libya’s Tobruk-based parliament, led by military leader Khalifa Haftar, hope to capture a strategic airbase as a necessary step to retaking Libya’s coveted “oil crescent” region, according to sources close to the conflict. […]

Libya's National Oil Corp warns of new attempt at independent oil sales

By Aidan Lewis Libya’s National Oil Corporation (NOC) said on Sunday that it had identified “illegal” efforts to sell crude oil without its approval and warned potential buyers not to enter into such contracts. Factions based in eastern Libya have previously tried to sell oil independently of NOC in Tripoli, but their moves have been […]