Saudi Arabia Boosts Gulf Oil Exports After Pipeline Attack

Saudi Arabia Boosts Gulf Oil Exports After Pipeline Attack

Saudi Arabia has increased crude oil exports from terminals in the Gulf after attacks disrupted its East-West Pipeline and halted shipments through the Red Sea port of Yanbu. The shift indicates a partial recovery in Saudi oil flows, although key shipping routes remain exposed to regional tensions.

Saudi Aramco loaded around 14 million barrels of crude onto seven Very Large Crude Carriers at Ras Tanura on September 20, according to tanker-tracking data. Saudi crude loadings from Gulf terminals have averaged about 3.7 million barrels per day since September 12, compared with roughly 2.9 million barrels per day earlier in the month.

The East-West Pipeline was shut after a September 13 attack, disrupting the route that normally carries Saudi crude to Yanbu and allows the kingdom to bypass the Strait of Hormuz. Aramco has responded by increasing shipments from eastern Gulf terminals and directing more supplies toward Asian buyers.

Saudi Arabia has also expanded ship-to-ship transfers near Oman. Trade sources said Aramco has sold around 60 million barrels for loading through such transfers in September and October, helping maintain supplies despite the disruption at Yanbu.

The alternative route comes with added risks and costs as traffic through the Strait of Hormuz remains significantly below pre-conflict levels. The continued attacks around Saudi Arabia and the Red Sea are therefore keeping global energy markets sensitive to further disruptions.

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Published: 2h ago

cricket blog team

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