Iran appears to have halted or heavily cut back crude oil exports from its Single Buoy Mooring (SBM) off the Kooh Mobarak oil storage facility. The Kooh Mobarak SBM, 30 nautical miles west of Bandar-e Jask, is Iran’s only point of export outside the Gulf, and does not require passage through the Straits of Hormuz. It was designed […]
Oil prices experienced a slight uptick due to ongoing conflicts in the Middle East and rising economic activity in the world’s largest oil-consuming nations, the US and China. These factors have heightened expectations for increased oil demand. However, the prospect of Saudi Arabia boosting its oil production in December has tempered further price increases. As […]
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