Tag: Saudi Arabia
Saudi Arabia’s Ports See Significant Growth in Container Handling
In July, Saudi Arabia’s ports recorded a substantial 15.72 percent increase in container handling compared to the same month last year, with terminals receiving...
Surging Demand Squeezes Crude Supply – Vortexa
Global crude oil inventories dropped in August, reflecting “fundamental market tightness”, according to cargo tracker Vortexa.
Oil demand
Fresh cues of global oil demand growth in...
Poten Weekly Tanker Opinion – Week 33,2023
Saudi Arabia plays a major role in product trades
Saudi Arabia is a powerhouse in the crude oil markets. It is one of the largest...
Saudi Arabia’s Crude Exports Hit 21-month Low in June
Recent data from the Joint Organisations Data Initiative (JODI) has shown that Saudi Arabia’s crude oil export dropped to its lowest level in 21...
Opec Forecast Russian Oil Supply
Opec has revised up its forecast for Russian liquids supply this year in its latest Monthly Oil Market Report (MOMR), says an article published...
The Epic Story of Saudi Arabia’s Maritime Marvel
Jeddah Islamic Port witnesses a momentous occasion as it welcomes the largest container ship in Saudi Arabian history, MSC Loreto, showcasing the port's development...
Saudi’s Red Sea Oil Stash is Driving Up Global Floating Storage
The amount of oil being stored at sea globally climbed to the highest in more than two-and-a-half years, aided by an unusual stash of...
Global Floating Oil Storage Hits Highest Level
The volume of floating oil storage has jumped to the highest level in more than two and a half years.
There were 129...
Chinese Appetite for Russian Oil Plummets
Chinese demand for Russian oil drops suddenly, mentions a RT news source according to Reuters.
Shipments saw a sharp decline in June
Shipments saw a sharp...
Saudi Arabia Boosts Shipping Connectivity!
In the rankings of UNCTAD's Liner Shipping Connectivity Index (LSCI) for Q2 2023, Saudi Arabia maintained its 16th position, indicating an increase in its...