Euronext wheat rose on Monday to reach three-week highs as a falling euro, continuing war disruption to Black Sea shipping and a large purchase by Saudi Arabia supported prices, traders said.Benchmark December milling wheat on the Paris-based Euronext ended the daytime trading session at 1630 GMT, up 1.6% at €245.50 ($275) a metric ton, rising for a third straight session.The contract earlier hit its highest since September 10 at €246…
The cost of insuring an oil tanker loaded from Saudi Arabia's main Red Sea port has tripled in recent weeks, industry sources told Reuters, adding to the major crude producer's struggles to find a viable channel for its exports.Saudi Arabia…
Saudi Aramco loaded about 14 million barrels of crude oil on seven VLCCs inside the Mideast Gulf on Sunday, data from TankerTrackers.com showed, as the kingdom increased loadings from Gulf export terminals after an attack disrupted shipments via its east-west pipeline to the Red Sea…
Oil company Saudi Aramco has told at least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia's key pipeline to the Red Sea, Bloomberg News reported on Friday, citing people familiar with the matter…
Red Sea Gateway Terminal (RSGT), Saudi Arabia's leading terminal operator, and CMA CGM Group, a global player in sea, land, air and logistics solutions, yesterday signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port…
Bahri Logistics, a business unit of the National Shipping Company of Saudi Arabia (Bahri), has expanded its ship agency operations with the opening of two new offices at Yanbu Commercial and Industrial Ports and Ras Tanura Industrial Port. The…
Yemen's Iran-aligned Houthi militia told shipping companies not to load or discharge cargo at Saudi Arabian ports or they may be targeted, according to an email the group sent to companies.The Houthis on Monday declared a naval blockade against Saudi Arabia…
Crude loadings at Saudi Arabia's Red Sea port of Yanbu have continued despite an Iranian attack on Wednesday on the country's East-West Pipeline, sources at two buyers from the port and a third trading source told Reuters on Thursday.Saudi state oil firm Aramco declined to comment…
Saudi Arabia's crude oil loadings at its Yanbu port on the Red Sea are set to surge to a record 3.8 million barrels per day (bpd) in March, shipping data showed on Wednesday, after the U.S.-Israeli war on Iran effectively shut exports via the Strait of Hormuz…
Saudi Arabia's state oil company Aramco is attempting to reroute some of its crude exports to the Red Sea to avoid the Strait of Hormuz, where the risk of Iranian attacks has slowed shipping to a near halt, sources said on Tuesday.Saudi Arabia and other regional Gulf oil producers…
In the presence of H.E. Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services and Chairman of the Saudi Ports Authority, Mawani, in collaboration with the National Center for Privatization, signed contracts to privatize…
The Iran-aligned Houthi movement that controls most of northern Yemen hijacked a United Arab Emirates-flagged cargo vessel engaged in 'hostile acts' but which the Saudis said was carrying hospital equipment.The ship was heading to the Saudi port of Jizan…
