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Chevron Reroutes Kazakh Oil To Asia Around Africa

Chevron is sending cargoes of Kazakhstan s CPC Blend oil to Asia around Africa s Cape of Good Hope rather than via the Red…

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Oil & Gas 360Ring Energy announces production results and continued debt reduction for fourth quarter 2023 and partial guidance for the first quarter 2024

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

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Chevron reroutes Kazakh oil to Asia around Africa

Chevron is sending cargoes of Kazakhstan's CPC Blend oil to Asia around Africa's Cape of Good Hope rather than via the Red Sea to avoid the risk of attacks by Yemen’s Houthis, according to three industry sources and LSEG ship-tracking data. The Iranian-aligned Houthis have stepped up attacks on shipping despite U.S.-led air strikes on the group's positions in Yemen, leading more vessels to avoid using the Red Sea and the Suez Canal - the shortest sea route between Europe and Asia.

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Chevron reroutes Kazakh oil to Asia around Africa - Reuters (NYSE:CVX)

Chevron reroutes Kazakh oil to Asia around Africa - Reuters (NYSE:CVX)
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Chevron Reroutes Kazakh Oil to Asia Around Africa

Chevron Reroutes Kazakh Oil to Asia Around Africa
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Red seaDjibouti generalBlack seaOceans generalKrasnodarskiy krayYuzhnaya ozereevkaCaspian pipeline consortiumChevron caspian pipeline consortium companyGood hopeIranian aligned houthisSuez canalRussian black seaMiddle east