WNA Globe

World News by Wild Rose

#oil storage ร—

Ukrainian drones hit St Petersburg as Putin's flagship economic forum opens

Several long-range drones struck oil storage facilities near the city, days before Vladimir Putin is due to address the event.

South Korea draws Gulf oil storage interest as Hormuz stays closed

South Korea is drawing growing interest from Middle Eastern oil producers seeking to store crude oil at the countryโ€™s petroleum reserve bases, the worldโ€™s sixth largest, amid a prolonged blockade of the Strait of Hormuz, a South Korean official and an expert on the matter have said. The straitโ€™s closure in the wake of the US-Israel war on Iran has taken a toll not only on South Korea and other nations dependent on oil imports but also oil-producing countries whose storage tanks are filling up...