• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 1 day The Discount Airline Model Is Coming for Europe’s Railways
  • 12 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 7 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 21 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 30 mins Starvation, horror in Venezuela
  • 8 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day Venezuela set to raise gasoline prices to international levels.
  • 20 hours Are Trump's steel tariffs working? Seems they are!
  • 2 days WTI @ 69.33 headed for $70s - $80s end of August
  • 2 days Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 1 hour Why hydrogen economics does not work
  • 1 day Corporations Are Buying More Renewables Than Ever
  • 22 mins China goes against US natural gas
How To Trade The Turkish Crisis

How To Trade The Turkish Crisis

A run on the Turkish…

Philippines Cracks Down On Fuel Pirates

Philippines Cracks Down On Fuel Pirates

Though fuel smuggling in Southeast…

US Navy Ship Collides with Bulk Oil Tanker in the Persian Gulf

The US Navy has reported that at 1.00am local time, one of their guided missile destroyers collided with an oil tanker near the Straits of Hormuz.

The Navy stated that the collision was not combat related and that neither ship has suffered any serious damage, beyond that no more details have been given.

The US has a number of ships based in the Persian Gulf with the aim of preventing Iran from taking any action to close the Straits of Hormuz. If this collision had been more serious, they could have closed the Straits through their own actions.

The USS Porter collided with the bulk oil tanker M/V Otowasan, which was at 95% of its 2 million barrel capacity and on course from the port of Mesaieed in Qatar to Fujairah, the largest refueling port in the United Arab Emirates.

As of yet there have been “no reports of any spills or leakage,” according to Lieutenant Greg Raelson of the US 5th fleet.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News