Saudi Arabia has restarted its 4-million-bpd East-West pipeline, restoring a key route around Hormuz. Flows remain low for now, but the news briefly pushed Brent down more than $2 to around $98 a barrel. #Oil#SaudiArabia#Hormuz#Brent
Houthi gains in Yemen are adding another layer of risk to global oil supply. With Hormuz largely closed and Saudi Arabia’s East-West pipeline damaged, pressure is building around multiple export routes at once. #Oil#Yemen#SaudiArabia#Hormuz
Saudi Aramco has reportedly cut October crude allocations to European term buyers to zero, while redirecting roughly 60M barrels through Hormuz. Asian refiners are receiving the rerouted supply as Europe scrambles for alternatives. #Oil#SaudiArabia#Europe
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
