Saudi Arabia ramps up Gulf oil exports after pipeline attack, data shows
Saudi Arabia has increased its crude oil loadings from the Gulf to an average of approximately 3.7 million barrels per day since September 12, according to Vortexa. This ramp-up follows a pipeline attack and Houthi strikes on the Saudi capital. While oil prices initially rose after the attacks, they have since fallen for four consecutive days as supply concerns ease and crude flows remain strong. Saudi Arabia is also working to restart its East-West oil pipeline to resume exports from Yanbu.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Saudi Gulf crude loadings have averaged about 3.7 million bpd since September 12.
- ✓ Oil prices fell for four consecutive days as supply concerns eased.
- ✓ Houthi forces attacked the Saudi capital.
What changed
Vortexa data shows Saudi Gulf crude loadings averaged 3.7 million barrels per day starting September 12.
Live updates
-
Saudi Arabia Increases Gulf Oil Exports Following Pipeline Attack
Saudi Arabia has increased its crude oil loadings from the Gulf to an average of approximately 3.7 million barrels per day since September 12, according to Vortexa. This ramp-up follows a pipeline attack and Houthi strikes on the Saudi capital. While oil prices initially rose after the attacks, they have since fallen for four consecutive days as supply concerns ease and crude flows remain strong. Saudi Arabia is also working to restart its East-West oil pipeline to resume exports from Yanbu.
Why it matters
The shift to Gulf exports is critical because Saudi Arabia previously attempted to bypass the Strait of Hormuz. The region remains volatile as the war involving Iran enters its seventh month, with the Strait of Hormuz remaining a central point of crisis.
What is confirmed
- Saudi Gulf crude loadings have averaged about 3.7 million bpd since September 12.
- Oil prices fell for four consecutive days as supply concerns eased.
- Houthi forces attacked the Saudi capital.
Still unconfirmed
- Saudi Arabia has restarted its East-West oil pipeline to resume exports from Yanbu.
- Iran has set conditions for reopening the Strait of Hormuz during talks with US officials at the UN.
What to watch next
- Confirmation of the East-West pipeline restart at Yanbu
- Outcome of US-Iran negotiations regarding the Strait of Hormuz
confidence 90%Sources used for this update (12)
- Bloomberg.com — Oil Steady as Traders Look to Mideast Supply Risks and Diplomacy
- CNBC — Oil falls as crude flows remain 'surprisingly strong'
- WSJ — Oil Prices Fall for Fourth Day as Supply Concerns Ease
- Yahoo Finance — Oil rises after Houthi attack on Saudi capital
- Reuters — Saudi Arabia ramps up Gulf oil exports after pipeline attack, data shows
- Bloomberg.com — Oil Steadies After Four-Day Drop as Traders Look to Hormuz Flows
- WSJ — Saudi Arabia Spent Months Trying to Bypass Hormuz. Now There’s No Way Around It.
- Bloomberg.com — Satellite Snapshot Points to Increase in Saudis’ Gulf Oil Flows
- Reuters — Saudi Arabia restarts East-West oil pipeline, to resume exports from Yanbu, sources say
- Crude Oil Prices Today | OilPrice.com — Saudi Oil Lifeline May Reopen as Aramco Eyes Yanbu Restart
- dunyanews.tv — Iran lays out conditions for reopening Strait of Hormuz in talks with US officials at UN: reports
- www.zawya.com — Saudi Arabia ramps up Gulf oil exports after pipeline attack, data shows
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community