Latest market news

Kuwait says port ban does not apply to oil tankers

  • : Crude oil
  • 20/02/26

The coronavirus-related restrictions that Kuwait has implemented at its ports do not cover oil traffic.

The country's communications ministry said "oil sector ships" were exempt from an earlier edict that it would not receive foreign vessels arriving from or departing to China, Hong Kong, Singapore, Japan, South Korea, Italy, Thailand and Iraq until further notice.

China, South Korea and Japan are the three biggest buyers of Kuwait's crude. Sources at KPC confirmed that all oil exports are continuing uninterrupted.

The restrictions were imposed as the Middle East moves to prevent the spread of coronavirus. An outbreak in Iran, the deadliest outside China, has led to flight suspensions across the region.

By Ben Winkley


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more