The U.S. SPR is heading toward its lowest level since 1982. The reserve ended August at 286.6M barrels, more than 445M barrels below capacity, with another 40M barrels now set for release. #Oil#SPR#EnergySecurity#CrudeOil
Middle East energy risks are shifting toward Bab el-Mandeb as Houthi forces expand control near the key Red Sea chokepoint. Shipping through the strait is already sharply reduced, adding another threat to oil and fuel flows. #Oil#RedSea#EnergySecurity
Saudi Arabia's key route around Hormuz is now under pressure. The East-West Pipeline, which had moved roughly 4M bpd to Yanbu, was shut after drone strikes, while Houthi advances raise risks near Bab el-Mandeb. #Oil#SaudiArabia#EnergySecurity
Damage to Saudi Arabia's East-West pipeline is worse than first reported, with three pumping stations hit. Repairs could take 5-6 weeks, threatening a route that had been moving 4-5M bpd around Hormuz. #Oil#SaudiArabia#Hormuz#EnergySecurity
Taiwan is moving toward a nuclear comeback as soaring LNG prices expose the cost of import dependence. Restoring nearly 3.9 GW of nuclear capacity could eventually displace 4-4.5M tonnes of LNG annually. #Taiwan#Nuclear#LNG#EnergySecurity
