Features
Bab el-Mandeb: tanker attacks challenge alternative oil routes
Recent attacks on Saudi tankers in the Red Sea have introduced fresh uncertainty to a critical alternative oil export route, exacerbating pressures on global energy flows. Following strikes on Saudi-flagged tankers Encelia and Layla, several vessels altered course or made U-turns just before reaching the Bab el-Mandeb chokepoint.
One billion barrels of emergency stocks remain in oil reserves, IEA says
International Energy Agency (IEA) member countries still hold more than one billion barrels of government-controlled emergency stocks, according to Dr Fatih Birol, the Executive Director of the IEA.
