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Maersk Continues Beirut Port Calls Despite Business Disruption

Smoke rises from the site of an Israeli airstrike in Dahiyeh, Beirut, Lebanon, Tuesday, Oct. 1, 2024. (AP)
Smoke rises from the site of an Israeli airstrike in Dahiyeh, Beirut, Lebanon, Tuesday, Oct. 1, 2024. (AP)
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Maersk Continues Beirut Port Calls Despite Business Disruption

Smoke rises from the site of an Israeli airstrike in Dahiyeh, Beirut, Lebanon, Tuesday, Oct. 1, 2024. (AP)
Smoke rises from the site of an Israeli airstrike in Dahiyeh, Beirut, Lebanon, Tuesday, Oct. 1, 2024. (AP)

Container shipping company Maersk said on Wednesday it continued to serve its customers in Lebanon with two weekly callings in Beirut despite the deteriorating security situation in the country.

"While Maersk's business in the country is impacted, we currently remain in a position to serve our customers," a Maersk spokesperson said in an email.

The company said all staff in both Lebanon and Israel were safe and accounted for.

Maersk's office in Lebanon is located in Beirut and employs 21 people.

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OPEC+ Doing ‘Noble’ Job of Balancing Oil Market, Says UAE Energy Minister

United Arab Emirates Energy Minister Suhail al-Mazrouei, speaks to reporters, on the sidelines of the World Governments Summit, in Dubai, UAE, February 12, 2024. (Reuters)
United Arab Emirates Energy Minister Suhail al-Mazrouei, speaks to reporters, on the sidelines of the World Governments Summit, in Dubai, UAE, February 12, 2024. (Reuters)
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OPEC+ Doing ‘Noble’ Job of Balancing Oil Market, Says UAE Energy Minister

United Arab Emirates Energy Minister Suhail al-Mazrouei, speaks to reporters, on the sidelines of the World Governments Summit, in Dubai, UAE, February 12, 2024. (Reuters)
United Arab Emirates Energy Minister Suhail al-Mazrouei, speaks to reporters, on the sidelines of the World Governments Summit, in Dubai, UAE, February 12, 2024. (Reuters)

United Arab Emirates Energy Minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a noble job of balancing the oil market even if does not produce the majority of oil in the world.

"OPEC+ has sacrificed more than others but the critical element is that it is staying together," Mazrouei said at an industry event in the emirate of Fujairah.

"I would like you to imagine the world without this group. We would be in chaos," Mazrouei said speaking hours before a planned virtual meeting of an OPEC+ committee.

Output from OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies such as Russia, equates to 48% of world oil supply, according to Reuters calculations based on figures from the International Energy Agency.

Oil prices jumped by over a dollar on Wednesday due to rising concerns Middle East tensions could escalate. Brent crude stood at $74.56 a barrel at 0330 GMT.