Dossier
Persian Gulf oil
Coverage of Persian Gulf oil in the Nexus archive.
- Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases
Oil is expected to experience its largest quarterly price drop in six years as workarounds for the Strait of Hormuz chokepoint and reduced crude imports to China alleviate a supply crunch. The easing of the Persian Gulf oil supply issue has contributed to the price decline.
- California braces for uncertainty as last shipment of Persian Gulf oil arrives in Long Beach
California faces uncertainty as the last shipment of Persian Gulf oil arrives in Long Beach. The state must replace approximately 200,000 barrels of oil per day previously sourced from the region.