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Red Sea: Oil market makes plan to navigate weeks-long troubled waters amidst Houthi threats

The oil market is bracing for long-term disruptions in the southern Red Sea due to attacks by Houthi militants. Charters of tankers reveal that more vessels are being hired for routes that avoid the danger zone. Airstrikes in Yemen by the US and UK have increased chaos in the area. Tankers are now being hired to sail to Asia instead of Europe, leading to a surge in earnings. Additionally, there has been a significant volume of Iraqi crude cargoes booked to sail from the Persian Gulf to Europe around Africa. ....

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Russia can't replace the energy market Putin broke

A network of gas fields and pipelines developed at a cost of hundreds of billions of dollars has been effectively thrown away ....

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Japan wants Russia to explain gas project move

With Lysychansk under its control, Russia is switching its focus further west into Donetsk, intensifying shelling of the region, according to Ukrainian officials. ....

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