Asia

The 'Dubai Media Office' said on Monday that authorities are?dealing?with a??fire? resulting??? from a drone attack near the Dubai International Airport. They added that there were no reported injuries. Dubai authorities stated that the drone attack had hit a fuel tank, and civil defence teams are working to control the fire. Gulf Arab states have been subjected to more than 2,000'missile and drone attacks' since the U.S. and Israeli war against Iran began on February 28. These include U.S. military bases and diplomatic missions, but also vital Gulf oil infrastructure and ports, airports and hotels, as well as residential and...

Sources said on Friday that China will ease the ban on BHP's Jimblebar Fines, an iron-ore product, until next week. This comes only one day after Beijing tightened restrictions on its third largest supplier. China Mineral Resources Group (the state-run iron ore purchaser) told domestic steelmills they could take "delivery of Jimblebar fins already at port for around a week," said three sources who were familiar with the matter, but on condition of anonymity because of the sensitive nature of the issue. Steelmakers and traders are excluded from the exception. CMRG?barred? steelmakers and traders? from purchasing Jimblebar?fines in September and...

India's Government said that an Indian flagged vessel, loaded with 80.800 metric tonnes of Murban oil from the United Arab Emirates, left Fujairah on Sunday. This was a day after sources reported that'some loading operations were suspended' at the UAE port. Sources said that oil loading operations in the UAE's Fujairah, a major hub for bunkering and crude export, have resumed following a Saturday drone attack and fire. However, it is unclear whether the operations are back to normal. India's Ministry of Petroleum and Natural Gas stated that the vessel, Jag Laadki was loading oil at Single Point Mooring when...

U.S. President Donald Trump told Fox News that he is 'looking into'?loosening the?shipping regulations under the Jones Act. He said in an interview aired Friday that he will 'look at it, but he did not give any...other details. Trump stated in an interview with Fox News Radio’s "The Brian Kilmeade show" recorded on Thursday evening, "We'll look, we'll look at everything and it's going to work out." Trump talked about military plans for 45 minutes, claiming that the U.S. The military has not yet targeted Iran's infrastructure, or its uranium stockpile. When asked about U.S. plans to take Iran's Kharg...

Sources said that China will lift a ban on BHP's Jimblebar Fines, an Iron Ore?product until the next week, only a day after Beijing increased restrictions against its third largest supplier. China Mineral Resources Group (the state-run buyer of iron ore) told domestic steelmills they could take delivery of Jimblebar fins already in ports for about a week. Three sources familiar with the situation, who spoke on condition of anonymity because the issue was sensitive, confirmed this. Steelmakers are the only ones who will be affected by this exception, and not traders. CMRG banned steelmakers and traders from buying Jimblebar...

Russian ESPO blend crude loaded from Kozmino in April and 'early May' has surged at a premium to Brent in Chinese and Indian port, traders reported on Friday. This is due to supply shortages caused mainly by the Iran -war and a softerening of america sanctions. The easing of?U.S. sanctions and the supply'shortages caused by the Iran -war' have fueled demand. After the United States allowed Indians, who were affected by a reduced Middle East oil supply, to buy Russian crude, prices for Russian crude jumped in comparison to Brent. Four sources said that the 30-day waiver granted to Indian...

Donald Trump stated that the United States would escort vessels through the Strait of Hormuz, if necessary. He also said in an interview with Fox News that was aired Friday that they were going to strike Iran "very heavily" over the coming week. When asked about helping oil tanks pass through the key shipping strait in question, Trump replied: "We'd do it if we needed to." You?know, I hope that everything goes well. We're going see what happens." He did not give any other details. He said in an interview with Fox's Brian Kilmeade, which aired a part of the...

Transport Minister Abdulkadir Uraloglu stated that Turkey was looking to sell some operating rights of highways and bridges in order to reduce budget pressures. However, the country has no plans to sell these assets. Heavy maintenance on major highways and roads increases the cost to the state. Uraloglu added that Ankara was working to see if this work could be transferred?to private operators. "Highways are not sold. "We are examining the possibility of granting 'operating rights' for certain periods, and transferring the cost to the operator in order to avoid additional pressure on budgets," Uraloglu stated. "There has been no...

Data from industry sources and calculations revealed that Russia's seaborne?oil product -exports for February 2026 fell 3.3% from the previous month to 7.97?metric tons?. This was due to a combination of?unplanned?refinery _outages? and harsh weather conditions in key ports. According to the data, oil exports from Russia’s Baltic ports - Primorsk Vysotsk St. Petersburg Ust-Luga -- decreased by?11.4% on a month-to-month basis to 4.7 millions tons. Since mid-February, Russian Baltic ports have barred non-ice class tankers from entering. Ice1 and Ice2 vessels are allowed to enter with icebreakers. The data revealed that, in contrast to the Baltic Sea, oil products...

Gene Seroka, the executive director of the Los Angeles container port, said that it was largely insulated from disruptions in supply chains caused by U.S. and Israeli attacks against Iran. These attacks have escalated into a conflict within the region. The Iran War has caused container shipping to be snarled in the Middle East. It has increased costs, left ships and their cargoes stranded, and posed fuel shortages. Seroka stated that "we, right now, do not see any congestion occurring" on the lucrative Transpacific Ocean Trade that is the lifeblood of Port Los Angeles. China and Asia are important trading...

DP World, a global ports operator, expects higher volumes 'at its Red Sea Terminals 'as the Iran Conflict approaches the two-week mark, %its CEO stated on Thursday. The Strait of Hormuz is closed and spiraling tanker attacks are cutting traffic to Gulf ports. Conflict triggered by U.S., Israeli and other airstrikes against Iran has affected energy and transport markets, and closed the world's main oil artery. The narrow waterway of Hormuz is the only way to reach most major Gulf ports. Yuvraj 'Narayan, CEO of DP World, said that Jebel Ali, DP World’s flagship hub in?Dubai is still fully operational,...

According to three sources, the Black Sea port 'Novorossiysk is running 10 days behind schedule due to persistent storms, drone attacks and other factors. One of these forced a suspension in loadings at the beginning of this month. A source in the trade stated that "every time a danger warning is issued, tankers are demoored and sent to sea." According to LSEG, industry sources and estimates, shipments from Novorossiysk of Urals and KEBCO 'crude oil' in the first ten days of March averaged around 200,000 bpd, about half of them being carryovers from February. Another source from the oil industry...

The Iraqi 'oil ministry' said that the Kurdistan Regional Government?refused it to use a pipeline for an alternative route for crude shipments disrupted by?the Iran _conflict. It accused authorities in Kurdistan of placing irrelevant conditions. Senior Kurdish officials told authorities that they would welcome the Iraqi government using the pipeline. However, Baghdad must first lift its "dollar embargo", which he called on the region. "We want to make a deal." "We want to help Iraq, and bring relief? to the markets. But this embargo has got to end first," said the official. Sources told The Daily Mail on 8 March...

Iran has threatened to escalate tensions across the Middle East in retaliation for American airstrikes against its energy hub and the?U.S. Donald Trump called on friendly nations to send warships into the Strait of Hormuz to secure it, as there was no sign of a 'war' ending Sunday. The U.S. and its allies are facing high energy prices due to the fact that Iran can stop shipping through the Strait of Hormuz, which is a major channel for shipping oil and gas. "Countries that receive oil through the Hormuz Strait are responsible for that passage and we will assist a...

After a Saturday drone attack and fire, some oil-loading activities have been suspended at the United Arab Emirates’?Fujairah Port, a global hub for refuelling vessels?aswell as crude fuel and exports. Why Does FUJAIRAH Matter Globally? According to Kpler, Fujairah exported a total of 1.7 million barrels of crude oil per day and refined fuels in average during the past year. This volume is equivalent to 1.7% of world daily demand. Fujairah is situated on the Gulf of Oman and is approximately 70 nautical mile from the Strait of Hormuz which is currently closed because of the Iran conflict. This increases...

Donald Trump, the U.S. president, threatened to?order attacks on the petroleum infrastructure of Iran’s Kharg Island oil center unless Tehran stopped targeting vessels in the Strait of?Hormuz. This warning could further roil the markets that are already dealing with a historic supply disruption. Trump's ultimatum was accompanied by a post on social media claiming that the United States "totally destroyed" military targets on the island. The island is the export terminal of 90% of Iran's oil, and lies approximately 300 miles (483 kilometers) northwest from the Strait. Trump wrote that U.S. strikes did not target Kharg’s oil infrastructure. However, "should...

Two explosive-laden unmanned boats rammed a Safesea 'Vishnu' tanker in an Iraqi port on Wednesday. The explosion engulfed vessel's portside in flames, and the crew had only seconds to respond, according to a preliminary assessment by the vessel’s U.S. operator and owner. The?Safesea Group, based in New Jersey, said that after speaking with the crew members who survived the attack, it appeared to be deliberate and calculated. At least 16 vessels, including tankers and other vessels, have been attacked in the?Gulf as a result of the U.S./Israeli war against Iran. The threat by Tehran to attack vessels in or near...

Hungarian refiner MOL announced on Friday that it and its subsidiary Slovnaft filed a complaint to the European Commission over a Croatian pipeline operator JANAF's price policy. This follows a complaint MOL made last week to the EU's Competition Watchdog about JANAF refusing to deliver Russian crude oil to MOL and its Slovak subsidiary. A January outage on the Druzhba oil pipeline that delivers Russian oil via Ukraine left Hungary and Slovakia, which are landlocked countries, reliant on JANAF for oil supplies. MOL's latest complaint stated that "JANAF consistently applied abusive pricing practices" and added that its orders had increased...

Iran, following through on a long-standing threat, has closed the Strait of Hormuz in retaliation to U.S. and Israeli strikes. This waterway is vital, as it carries a fifth of all global oil supplies. The United States has said that it could consider escorting ships through the Strait of Hormuz, which would be very difficult to secure, as the Houthis from Yemen proved last year when they disrupted Red Sea shipping. According to United Nations data, about a fifth of global oil and LNG normally passes through the Strait. Traffic has decreased by 97% since February 28 when the U.S./Israeli...

Data released on Friday showed that a barrage of Ukrainian drone strikes against Russia's Black Sea oil export facilities as well as severe storms and ice conditions in Baltic Sea affected Russian oil exports. The United States issued a waiver on Thursday for countries to purchase sanctioned Russian crude oil and petroleum products that were stranded in the sea. This was done to stabilize global energy markets, which had been roiled by war with Iran. The easing of U.S. sanctions may not have a major impact on Russia's oil production due to the drone attacks and the bad weather. The...

Two sources have told 'that the top oil exporter Saudi Arabia cut its oil production by 2 million barrels a day, to 8 million bpd. This was after it reduced output from two major offshore fields in response to the 'Iran -war. Middle East Gulf oil companies have been forced to stop large volumes of production because of the blockage of the Strait of Hormuz - a narrow waterway that connects Iran with Oman - since U.S. airstrikes against Iran began on February 28. Iran said that the world must prepare for oil price?at $200 per barrel. One source, who...

Two industry sources said that oil output at Kazakhstan's biggest Tengiz Field rose to 810,000 barrels of oil on March 11 but only averaged 495,000 barrels per day (bpd), lagging behind the capacity goal. Sources claim that the average production in Tengiz between March 1-10 was 16 % lower than it was in February when output was around 590 000 bpd. Tengizchevroil, a U.S. Chevron company that operates in Tengiz, is now restoring production after a January 18 emergency shutdown caused by an fire. The main export route, the Caspian Pipeline Consortium system (CPC), is constrained by adverse weather conditions...

Hayan Abdel-Ghani, the Oil Minister, was quoted on Thursday as saying that Iraq would keep crude 'oil' production at 1.4 million barrels a day. This is less than a third of the level before the U.S.-Israeli war with Iran. According to state news agency, according to the minister, 200,000 bpd are being transported via truck through Turkey Syria and Jordan, and that Iraq has implemented a plan to deal with the current disruptions. Sources told?that oil production in Iraq's southern oilfields has dropped 70%, to just 1.3m bpd. This is because the country cannot export via the Gulf due to...

The International Energy Agency reported on Thursday that Russia's crude-oil?and refined products?and revenues decreased in February to reach their lowest levels?since the onset of the Ukraine conflict 2022. Russia's commodity revenue is a crucial?part of state budget proceeds, and it is?needed to support increasing military expenditures. Since the beginning of the Iran War at the end of February, Russian oil prices have increased. The Paris-based IEA reported that Russia's crude exports decreased by 410,000 barrels a day from January to 4.2 millions?barrels a day. The drop was caused by the?reduction of exports to India after 'Washington discouraged Russia from cooperating...