Aramco is preparing to reopen Yanbu to Asian buyers while pushing more crude through Hormuz than it has in a month
Saudi Arabia has restarted its East-West oil pipeline, restoring at least some flow through the 4-million-barrel-per-day route that had become the kingdom’s main escape hatch around the Strait of Hormuz. The pipeline is running at a low rate for now, according to Reuters sources, with Aramco working to return flows to roughly 4 million bpd. A full restart could still take weeks. One cargo was scheduled to load at the Red Sea port of Yanbu Tuesday for China. Oil traders didn’t wait for full capacity. Brent saw a temporary dip of more…
Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later today, three sources briefed on the matter said.
The disruption in Saudi oil exports could exacerbate global supply volatility, impacting market stability and energy prices worldwide.
CryptoBriefing•Estefano Gomez21 Sept
The Yemen-based Houthis said they targeted "sensitive sites" in Riyadh, hours after a blaze at a fuel depot near the Saudi capital's main airport. The Saudi-led coalition said Saudi defense downed a ballistic missile.
Deutsche Welle19 Sept
Yemen’s Houthis claimed strikes on Riyadh and Yanbu after Saudi Arabia issued alerts over a “hostile aerial threat”. Black smoke was seen at Riyadh airport, but authorities reported no casualties or damage.
Euronews19 Sept
Japanese refiners have procured enough crude oil to last them through November, the head of the Petroleum Association of Japan (PAJ) said on Friday, amid yet another twist in supply availability from the Middle East. The temporary shutdown of the East-West oil pipeline in Saudi Arabia following attacks last week added another uncertainty in oil cargo movements from the Middle East region after the Kingdom halted loadings at the Red Sea port of Yanbu. The Saudis, however, have boosted shuttle-shipping through the Strait of…
Only four commodity vessels were detected to have moved inbound or out of the Strait of Hormuz on Thursday, shipping data showed early on Friday, while oil shipping options out of the Middle East became fewer with the closure of the Saudi pipeline to the Red Sea port of Yanbu. Three vessels moved into the Persian Gulf, and one exited the Strait on Thursday, down from the 10-day average of as many as 16 ships daily transiting the chokepoint, according to preliminary data from Kpler cited by Reuters. The tracking excludes any movements of ships that…
The world's second-largest crude exporter is rerouting crude via dark shipments and ship-to-ship transfers off Oman.
Al Jazeera17 Sept
Saudi Arabia’s oil supply crisis is rapidly becoming Europe’s problem. The September 10 attacks on Saudi Arabia’s East-West Pipeline struck the system at multiple locations and damaged at least one pumping station, forcing Riyadh to shut down the Kingdom’s critical alternative to the Strait of Hormuz. The 1,200-kilometer Petroline can carry around 7 million barrels per day from Saudi Arabia’s eastern producing regions to Yanbu on the Red Sea. Since the war effectively closed Hormuz, it has become one of the most important…
Ion Jauregui – Analyst at ActivTrades Oil maintains a bullish structure at the European mid-session, although with some profit-taking after the strong advance of recent sessions. At 15:20 CET, LCrude is trading around $99.60 per barrel, consolidating around a zone that is once again gaining technical relevance after recovering the highs recorded in March, April and May. The move remains supported by supply concerns. Attacks on Saudi energy infrastructure forced the interruption of the East-West Pipeline, a route capable of transporting around 4 million barrels per day to the port of Yanbu, while flows through the Strait of Hormuz remain constrained. The disruption also came after Saudi Arabia reduced some shipments to Europe. The market has, however, started to partially price in an improvement in availability. Saudi Arabia is offering additional cargoes through Oman, while U.S. inventories increased by 7.1 million barrels last week according to API data. This explains part of today's correction, although it does not eliminate the supply risk while disruptions in the Middle East persist. From a technical perspective, the current level is particularly relevant because the point of control is around $100, practically in the area where the contract is trading now. The recovery of the March, April and May highs has changed the structure of the daily chart and makes this area a reference for determining whether the move can extend towards new highs. The indicators maintain a constructive reading, although the RSI stands at 67.60, close to the overbought zone, increasing the risk of short-term corrections. The MACD continues to show the average and signal line separating to the upside, with a positive and rising histogram, indicating that buying momentum continues to expand. The behaviour of the moving averages also stands out. The 50-day moving average is approaching a recovery of its position relative to price versus the 100-day moving average, a configuration that would reinforce the bullish structure if it is ultimately confirmed. As long as the price manages to remain around $100 and the indicators maintain their momentum, the technical scenario continues to point towards a possible continuation towards previous highs. The key for crude oil now will be its ability to turn $100 into support. Consolidation above this level would keep open the possibility of a further move higher, while a clear loss of the point of control would increase the risk of a correction before another recovery attempt. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance and forecasting are not a synonym of a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success.
Saudi Arabia suspends Yanbu oil loadings after halting its East-West pipeline, sending Brent back to $108. Asia’s Oil Crunch Sends Regional Benchmarks to Record Highs - Asia’s oil industry is facing a double whammy of supply shortages and better-than-expected demand, with crude differentials across the region gradually climbing towards record highs. - Futures prices on China’s Shanghai Futures Exchange rose to $138 per barrel on Tuesday, the highest reading on record, as Chinese refiners scramble to put their hands on available…
The halt in Saudi oil loadings underscores vulnerabilities in global supply chains, potentially escalating energy prices and geopolitical tensions.
CryptoBriefing•Estefano Gomez15 Sept
The East-West Pipeline in Saudi Arabia, which delivers oil to the shores of the Red Sea, has been an important workaround to the choking of tanker traffic by Iran in the Strait of Hormuz, the only exit for tankers from the Persian Gulf to the open sea. The Saudi government claims that 7 million barrels per day (mbpd) of crude oil can flow westward through the pipeline to the port of Yanbu, though the current exports are thought to be lower (perhaps 5 mbpd) than that given infrastructure restraints. But now that pipeline has been bombed and put…
Gulf states called off Monday's planned meeting with Iran on reopening the Strait of Hormuz the same day Yemen's Houthis fired dozens of missiles and drones at Saudi Arabia's King Khalid airbase in Khamis Mushait, calling it retaliation for more than 300 Saudi airstrikes on Yemen in five days. A Friday drone attack Riyadh blamed on Iran-backed fighters in Iraq knocked out Saudi Arabia's East-West pipeline, the kingdom's only route around the blockaded strait. The 7-million-barrel-a-day line feeds the Red Sea port of Yanbu, with traders telling…
Brent crude hit $108 per barrel earlier today, following the latest escalation in the Middle East, before retreating to $107.22 per barrel at the time of writing. West Texas Intermediate was trading at $102.66 per barrel. The surge follows the news of a drone attack on Saudi Arabia’s East-West pipeline that could cut off another 4% of global oil supply and signs that efforts at diplomacy are failing. According to unnamed sources quoted by Reuters, Saudi Arabia’s Yanbu port on the Red Sea has only enough oil for five to seven days of…
Riyadh has increased its use of the East-West pipeline since the start of the Middle East war to bypass the closure of the strait of Hormuz Saudi authorities said Friday drones launched from Iraq led to the temporary closure of a crucial oil export route used to bypass the lockdown of the strait of Hormuz . Riyadh has increased its use of the East-West pipeline, which links Abqaiq, near the Gulf, to the port of Yanbu on the Red Sea, since the start of the Middle East war to bypass strait of Hormuz closed by Iran. Continue reading...
The Guardian•Agence France-Presse12 SeptRiyadh has increased its use of the East-West pipeline since the start of the Middle East war to bypass the closure of the strait of Hormuz Saudi authorities said Friday drones launched from Iraq led to the temporary closure of a crucial oil export route used to bypass the lockdown of the strait of Hormuz . Riyadh has increased its use of the East-West pipeline, which links Abqaiq, near the Gulf, to the port of Yanbu on the Red Sea, since the start of the Middle East war to bypass strait of Hormuz closed by Iran. Continue reading...
The Guardian•Agence France-Presse12 Sept
Qatar Airways is strengthening its operations in the Kingdom of Saudi Arabia with the resumption of services to four destinations this winter. Flights to Qassim (ELQ) will resume on 25 October 2026, followed by Taif (TIF) on 31 October 2026, Yanbu (YNB) on 2 January 2027, and Tabuk (TUU) on 3 January 2027. The airline will operate two weekly flights per each route to the four resumed destinations, providing passengers across the Kingdom with greater travel choice, and seamless access to Qatar Airways’ extensive global network of over 160 destinations.
The incident underscores heightened geopolitical tensions, potentially destabilizing energy transport and impacting global maritime trade security.
CryptoBriefing•Estefano Gomez24 Aug