Saudi Aramco signals Yanbu crude loadings may resume after Sept. 10 attack

  • Saudi Aramco signaled to three Asian refiners that Yanbu loadings could resume soon.
  • The 1,200-kilometer pipeline carried approximately 4 million barrels daily to Yanbu.
  • European buyers received notice that October long-term crude supplies would be fully suspended.

Saudi Aramco has informally told at least three Asian refining companies that crude loadings at Yanbu could resume in the near term, the first clear supply-restoration signal to buyers since the East-West Pipeline was shut by a Sept. 10 drone attack. No timeline was provided, and the company declined to comment. Asian refiners have missed some Yanbu loading windows, but alternative exports from Ras Tanura through the Strait of Hormuz and ship-to-ship transfers near Oman have limited the disruption. European buyers face a sharper impact, with October long-term crude supplies fully suspended for all European customers. The 1,200-kilometer pipeline previously moved about 4 million barrels per day to Yanbu, where loadings have nearly stopped. Saudi Arabia is reportedly seeking to restore roughly half its capacity within days and full operations in about six weeks, while working around a damaged section. Higher Gulf loadings have eased global supply concerns, helping push Brent crude below $100 per barrel for the first time since Sept. 9. The timing of repairs, a full Yanbu restart and security around Red Sea shipping remain the key variables for crude markets.

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Saudi Aramco signals Yanbu crude loadings may resume after Sept. 10 attack - CoinPost Terminal