• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 10 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours How Far Have We Really Gotten With Alternative Energy
  • 4 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 3 days e-truck insanity
  • 11 hours An interesting statistic about bitumens?
  • 5 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 8 days Bankruptcy in the Industry
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days The United States produced more crude oil than any nation, at any time.

Houthis Block Access To ‘Floating Bomb’ Oil Tanker Off Yemen

A floating oil tanker that hasn’t been maintained since the conflict in Yemen erupted in 2015 is currently under the control of the Houthi rebels, who are preventing a United Nations team from assessing the danger from the tanker which has been described as “a floating bomb” that could explode after sitting unattended for so long.

The Iran-aligned Houthi rebels have been fighting a Saudi-led Arab coalition in Yemen since 2015, and the Houthis have claimed over these years that they have targeted and hit oil facilities of Saudi Aramco in Saudi Arabia.

The floating storage and offloading (FSO) unit SAFER has been sitting off Yemen’s coast since early 2015 and hasn’t been maintained or attended since then. Experts say that the oil in tanker now is at danger of exploding, potentially leading to an environmental disaster and further aggravating what is already the worst humanitarian crisis in the world.

The Houthis, however, are blocking access to the oil tanker, demanding a share of the revenues from the potential sale of some 1 million barrels of oil that the tanker still contains, The National reports.

Last week, the leader of the Houthi uprising in Yemen, Mohammed Ali al-Houthi, asked the United Nations to sell the cargo of crude to generate revenues that would be used for the purchase of fuel and salaries for public sector employees.

Various experts and organizations have been warning for months that the floating oil tanker is at danger of exploding.

Last month, the Atlantic Council said in a report that the “massive floating bomb in the Red Sea needs urgent attention” and that despite the several requests for UN assistance by Yemeni authorities, “the bomb remains afloat, untended and under the control of the Houthis.”

“Given that the Houthis have already attempted to blow up several oil tankers in transit through the Bab al-Mandeb and Red Sea, it may well be the case that they view this precarious situation as a tactical and strategic advantage worth maintaining,” the authors Ian Ralby, David Soud, and Rohini Ralby wrote in April.

ADVERTISEMENT

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Mazlan on May 09 2019 said:
    how about this artical on oil price...up or down?

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News