BP halts oil and gas shipments through Red Sea after rebel attacks

[BumRushDaShow]

Source: The Guardian

Mon 18 Dec 2023 07.39 EST


BP has halted all shipments of oil and gas through the Red Sea after a step-up in attacks on cargo ships by Houthi militants in Yemen.

The British oil company said on Tuesday that it had paused shipping in the region indefinitely, citing a “deteriorating security situation” amid tensions in the Middle East.

BP becomes the first oil company to directly halt its own shipping, after five big shipping companies stopped their vessels passing through the waters between Asia and Africa which connect Asia and Europe, with the Suez canal at the tip.

The companies have moved to secure their vessels after attacks mounted by Houthis in protest at Israel’s efforts to attack Hamas in Gaza. These have included an attack on a US warship, and commercial vessels have come under fire off the coast of Yemen.

Read more: https://www.theguardian.com/business/2023/dec/18/bp-halts-oil-and-gas-shipments-red-sea-shipping

[Prairie Gates]

1. Also suspending operations in the last few days: Maersk, Evergreen, OOC, and Hapag-Loyd

Last edited Mon Dec 18, 2023, 02:24 PM - Edit history (1)

This is a serious problem. The Houthi can just pick off ships going through the Bab al-Mandeb Strait. US and European countries are not going to allow this. They will have to secure the ground areas on the Yemeni side of the strait (and perhaps more expansively, the Red Sea). Naval escorts won't cut it.

This is a shit storm.

[GB_RN]

2. I Can Hear The Pump Prices...

Going up as I type this. Legit or not, the damned oil companies will ALWAYS have some fucking, convenient-assed, excuse to raise prices, just as they settle somewhere in a reasonable price range.

I hate these polluting bastards and the Republicans they rode in on. I hate ‘em all.

[JoseBalow]

3. Mission Accomplished