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05.10.26 - 16:48
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Oil Swings With Focus on Deep Saudi Price Cut (Bloomberg)
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Oil fluctuated in jittery trading, as Saudi Arabia cut prices of its benchmark grade to Asia, the kingdom's state producer warned about the risk of low stockpiles and as fighting in Yemen intensified.
Martijn Rats, Global Commodities Strategist at Morgan Stanley, discusses upside oil risks amid broader Middle East fighting. (Source: Bloomberg)...
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05.10.26 - 14:24
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Saudi East-West Pipeline Hit By New Attack, But Still Flowing As Normal (ZeroHedge)
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Saudi East-West Pipeline Hit By New Attack, But Still Flowing As Normal
"The East-West pipeline was attacked again yesterday," a source working in the kingdom's energy sector told Agence France-Presse (AFP) on Monday. "A pumping station east of Riyadh in Khurais. It wasn't targeted before. There was big damage and the pipeline stopped again."
However, follow-up reports were quick to note that the some 745-mile pipeline between Saudi Arabia's main oil fields in the east and the Yanbu terminal on the Red Sea are already back to operating normally and that flows are continuing.
AFP ImageBloomberg reports Monday, "Oil continues to flow through the East-West link, the people said, asking not to be identified discussing private information" - while confirming that the conduit was briefly halted over the weekend due to attack.
The East-West pipeline has been targeted several times after renewed Houthi-Saudi fighting over prior weeks, and such attacks could continue...
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05.10.26 - 11:01
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Rohöl teurer: Saudi-Aramco erhöht den Ölpreis für Europa (Wallstreet-Online)
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Saudi-Arabien hat seine Ölpreise für Verkäufe nach Asien im November unerwartet auf Sechsjahrestiefs gesenkt und sie zugleich für Nordwesteuropa und den Mittelmeerraum angehoben... --- Saudi-Arabien weiß auch, dass wir mit einem bedeutenden Öllieferanten – nämlich Russland – keine Geschäfte mehr machen wollen!
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05.10.26 - 09:36
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Saudi Arabia Cuts Price of Benchmark Oil Grade to Asia (Bloomberg)
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Energy Aspects founder Amrita Sen says the increased cost of shipping is the reason why Saudi Arabia cut prices of its benchmark grade to Asia. "It's costing about $30 per barrel right now to move oil from Hormuz to Asia," she tells Bloomberg Television. "The biggest issue is ship-to ship," she adds. (Source: Bloomberg)...
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05.10.26 - 06:42
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Saudi-Backed Yemen Forces Begin Bid to Retake Houthi Areas (Bloomberg)
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Yemen's internationally recognized government launched a full-scale military campaign to recapture all Houthi-held territory after weeks of escalating conflict between the Iran-backed group and Saudi Arabia. Bloomberg's Stuart Livingstone-Wallace breaks down the latest developments. (Source: Bloomberg)...
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