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[BUSINESS] · Saudi Arabia, China, Japan, South Korea, India · 39 sources

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Saudi Arabia restarts East-West Pipeline after drone attacks FAST-MOVING

Saudi Arabia has begun restarting its East-West Pipeline following drone attacks on September 10 that disrupted energy infrastructure. While the pipeline is currently operating at a lower pumping rate, Saudi Aramco is working to restore its full capacity of approximately 4 million barrels per day.

The restart of this critical route, which serves as an alternative to the Strait of Hormuz, has influenced global energy markets, contributing to a drop in Brent crude prices.

In response to the pipeline disruption, Saudi Aramco has redirected much of its crude exports toward Asian markets by increasing shipments from the Ras Tanura terminal in the Persian Gulf. This includes approximately 60 million barrels sold for September and October loading via ship-to-ship transfers near Oman.

Conversely, the disruption has significantly impacted European supply. Saudi Aramco has informed at least two European refiners that they will receive no crude allocations for October under existing long-term contracts, a decision that reportedly applies to all European term buyers.

Entities

East-West Pipeline · Energy Information Administration · Europe · Houthi · Qatar · Ras Tanura · Saudi Arabia · Saudi Aramco · Strait of Hormuz · United States · Yanbu

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