MRC -- At least four oil tankers have diverted course from the Red Sea since overnight strikes by the U.S. and Britain on Houthi targets in Yemen, shipping data from LSEG and Kpler showed, said Hydrocarbonprocessing.
The attacks were carried out from the air and sea in response to the Iranian-backed Houthi militia's attacks on ships in the Red Sea, in what is becoming a regional escalation of the Israel-Hamas war in Gaza.
The tankers Toya, Diyyinah-I, Stolt Zulu and Navig8 Pride LHJ were all seen turning around mid-voyage in order to avoid the Red Sea between 0300 and 0730 GMT on Friday, according to ship tracking from the two companies.
One of the tankers, Toya, a very large crude carrier capable of carrying up to 2 million barrels of oil, was unladen, the data showed. The other three vessels are fuel tankers. Oil prices were up over $3 a barrel, or more than 4%, by 1144 GMT, with Brent trading above $80, amid heightened geopolitical risks.
Meanwhile, Danish oil tanker group Torm said on Friday it decided to pause all transits through the southern Red Sea.
Major container shipping companies Maersk and Hapag Lloyd welcomed measures to secure the region. But they stopped short of saying whether the U.S. and British strikes would be enough for them to return to the Suez Canal, the fastest route between Asia and Europe which accounts for about 12% of global container traffic.
We remind, Indonesia's oil and gas lifting this year is likely to fall below government targets, upstream oil and gas regulator SKK Migas said on Friday but pledged efforts to fill the gap. SKK Migas predicts lifting of oil at 596,000 barrels per day (bpd) in 2024 and gas at 5,544 million standard cubic feet per day (mmscfd) based on work plans submitted by contractors. That compares with government targets of 635,000 bpd and 5,785 mmscfd.