Strait of Hormuz – Thinking Port

OPEC extends oil production cuts amid weaker demand outlook

July 1, 2019 admin Latest News Stories, Oil, oil production, opec, petro, Saudi Arabia, Strait of Hormuz, World, World News

Credit to Author: ggaviola| Date: Mon, 01 Jul 2019 22:51:59 +0000

VIENNA – OPEC is extending its deal to cut production for another nine months in bid to keep oil prices from sagging as the oil cartel faces a weakening outlook for global demand.

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Middle East attack jolts oil-import dependent Asia

June 14, 2019 admin Asia, conflict, Iran, Latest News Stories, middle east, Oil, Strait of Hormuz, US, World

Credit to Author: Dennis Maliwanag| Date: Sat, 15 Jun 2019 02:08:49 +0000

The blasts detonated far from the bustling megacities of Asia, but the attack this week on two tankers in the strategic Strait of Hormuz hits at the heart of the region’s oil import-dependent economies.

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