|
|
|
|
|
28.03.26 - 17:18
|
Hormuz Bypasses Maxed Out: Saudi East-West Pipeline Hits Record 7 MMb/d, As UAE Fujairah Crude Loadings Reach Capacity (ZeroHedge)
|
|
|
Hormuz Bypasses Maxed Out: Saudi East-West Pipeline Hits Record 7 MMb/d, As UAE Fujairah Crude Loadings Reach Capacity
The ramp up in Saudi Arabia's Hormuz-bypassing East-West pipeline has been nothing short of remarkable.
Two days after we reported that flow through the pipeline which crosses Saudi Arabia east to west for oil flows (hence the name) and is also known as the Abqaiq-Yanbu pipeline for nat gas flows had doubled from roughly 1.5 million before the war, today Bloomberg updates on the latest flow numbers and it now appears that the crucial East-West pipeline is pumping oil at its full capacity of 7 million barrels a day.
Crude exports via Yanbu have now reached about 5 million barrels a day and the kingdom is also exporting 700,000 to 900,000 barrels a day of refined products, according to the Bloomberg source familiar with the Saudi oil industry. Of the 7 million barrels a day that go through the pipeline, 2 million are destined for Saudi refineries.
This remarkable achievemen...
|
|
|
|
|
|
|
|
|
|
|
|
|
27.03.26 - 22:42
|
Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes (ZeroHedge)
|
|
|
Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes
Submitted by Michael Kern of OilPrice.com
Asian refiners have started pricing their orders for U.S. crude oil against the ICE Brent benchmark instead of the typical pricing on Dubai crude, as the Middle Eastern benchmark has seen wild fluctuations amid choked physical supply from the Persian Gulf.
Dubai crude prices soared last week to an all-time high of $169.75 per barrel, and were around $130 a barrel early on Friday.
These highly volatile prices and the uncertainty about supply from the Middle East have prompted refiners in Asia to seek pricing against Brent, instead of the Dubai benchmark which has traditionally been the marker dictating the price of imports into the world's top crude-importing region.
Some Japanese refiners have already bought U.S. crude cargoes for delivery in July priced against ICE Brent, sources at trading and refining firms told Reuters on Friday. Taiyo Oil, for example, has purchased 2 million b...
|
|
|
27.03.26 - 17:51
|
UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War (ZeroHedge)
|
|
|
UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War
It's one of those things that sounds nice on paper, but when missiles and drones are inbound, no one is going to want to be on a military ship sitting in the middle of the Strait of Hormuz: the United Arab Emirates, which has been among the hardest-impacted Gulf states in Iran's ongoing retaliation, is pressing for a multinational maritime taskforce to reopen vital oil transit waterway, the Financial Times reports Friday.
The UAE, with a navy that's not really going to strike fear into any enemy (much less the Iranians), says it is willing to participate in a "Hormuz Security Force" to defend the strait and escort shipping. Dozens of countries are being asked to join, sources cited in FT say.
Source: Abu Dhabi Ship Building Company
And yet for all the public posturing and signing of 'symbolic statements' - not a single country with a strong military has actually stepped up with a conc...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
