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LN24 > Blog > oil exports
20
May

Tankers Exit Strait of Hormuz with 6 Million Barrels of Crude Oil

  • LN24 / 5 days
  • 0
  • 4 min read

Major Oil Shipments Successfully Leave Strategic Waterway Three supertankers carrying a combined 6 million barrels of crude oil successfully exited the Strait of Hormuz on Wednesday, marking a significant development for global energy markets as tensions continue to simmer in the Gulf region. According to shipping data from Kpler and LSEG, the vessels transported crude […]

02
May

OPEC+ Set for Another Oil Output Quota Hike Despite Hormuz Closure, Sources Say

  • LN24 / 3 weeks
  • 0
  • 3 min read

The OPEC+ alliance is set to approve another modest increase in oil production quotas for June, pressing ahead with its supply strategy despite the ongoing closure of the Strait of Hormuz, one of the world’s most critical oil shipping routes, according to sources familiar with the matter. Planned Output Increase Continues “Business as Usual” Seven […]