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Finance & Markets

Saudi Oil Export Strategy Hits New Hurdle as Red Sea Insurance Costs Soar

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 …

Saudi Oil Export Strategy Hits New Hurdle as Red Sea Insurance Costs Soar

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Brent Set for Weekly Gain as Houthi Attacks Rattle Saudi Oil Supply

Crude oil prices dipped from Thursday's close earlier today but Brent crude was on track for a weekly gain on continued concern about the security of supply from the Middle East.

  • Brent crude set for weekly gain, trading at $105.65 per barrel
  • Houthi attacks on Saudi oil infrastructure support prices
  • US-Iranian talks on ceasefire may impact oil supply

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