All articles tagged with #oilpipeline
Yemen’s Houthi militants captured the Greater and Lesser Hanish islands in the Red Sea, expanding control over a key shipping lane and threatening Saudi Arabia’s east–west oil pipeline to Yanbu. Analysts warn a prolonged outage could push global oil prices higher as stock buffers dwindle, with Brent near $107 a barrel, while nearly 94,000 Yemenis have fled and thousands more sought shelter amid rising regional tensions.
Ukrainian drones struck multiple Russian energy targets overnight, hitting the Saratov oil refinery, the Lazarevo pumping station on the Surgut-Gorky-Polotsk pipeline, and a fuel depot in Matveyev Kurgan, with regional authorities reporting fires and injuries as Russia says it shot down around 216 drones. The attacks marked an escalation of strikes on energy infrastructure deep inside Russia, with activity also reported in Belgorod, Voronezh and Rostov regions. Separately, Ukraine and Russia disputed reports around a Zaporizhzhia nuclear plant incident, while the U.N. watchdog noted damage to a turbine building but normal radiation levels at the site.
Donald Trump plans to revive the Keystone XL oil pipeline if re-elected, despite the project's cessation and lack of interest from companies to build it. The pipeline, initially approved by Trump in 2017 and later revoked by President Biden, faces significant challenges, including the need for new permits and land acquisition. The current oil market conditions and increased U.S. oil production make the economic case for the pipeline less compelling. Trump's interest in the project is seen as a political move to promote a pro-oil agenda and counter Biden's policies.