Oil climbed in early Asian trade as renewed Houthi attacks on Saudi Arabia revived supply fears. Brent rose 1.62% to $115.70 and WTI 1.34% to $101.20, after a nearly $2 drop Tuesday on hopes for peace talks. #OilPrices#Brent#Houthis#Saudi
Saudi crude output rose 12.2% in September to 8M bpd, per Al Rajhi Capital, as the Kingdom boosted STS transfers outside Hormuz and pushed most exports via Yanbu, despite a two-week East-West pipeline halt. #OilPrice#Saudi#Crude#OPEC
BREAKING: Houthis claim attacks on pumping stations along Saudi Arabia's 740-mile East-West pipeline, the Kingdom's key crude route bypassing Hormuz. Riyadh hasn't confirmed. The line was moving 5.8M bpd. #OilPrice#Saudi#Houthis#Crude
HSBC CEO Georges Elhedery says the Strait of Hormuz may become redundant in five years as Gulf producers rush to build pipelines to the Red Sea and Mediterranean. Saudi Arabia plans to lift East-West capacity to 10M bpd. #Oil#Hormuz#HSBC#Saudi
Satellite check: Saudi Arabia loaded hard Thursday.
Copernicus Sentinel-2 showed 9 VLCCs plus 2 Suezmax/Aframax taking on crude — over 20 million barrels from Gulf and Red Sea terminals, per Javier Blas. #Oil#Tankers#Saudi#OOTThttps://t.co/AbAJOLHoKr
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