🚨 Oil Prices Fall for Three Straight Days! Has Saudi Arabia Repaired the Pipeline—Is the Crisis Really Easing? ⛽
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The situation in the Middle East isn’t over yet, but oil prices have fallen for the third consecutive day.
In the latest trades, Brent crude briefly dropped by about 2%, hovering around $102, while WTI also fell to around $100. The focus in the market has shifted from “whether supply will be completely disrupted” to “whether Saudi Arabia can get supply flowing again.”
The key is Saudi’s oil pipeline.
The pipeline was previously hit and suspended operations. It could originally transport about 4–5 million barrels of crude oil per day, roughly 4%–5% of global supply. Saudi is now accelerating repairs and plans to restore some pumping capacity first.
Meanwhile, Saudi is also looking for alternative options.
According to reports, Saudi Aramco plans to use ship-to-ship transfers via vessels near Oman to send more crude to buyers in Asia, partially offsetting the export impact caused by the pipeline damage. This development directly eased the market’s concerns about a short-term supply gap. ⛽
So the drop in oil prices doesn’t mean Middle East risk has suddenly disappeared.
On the contrary, conditions for shipping through the Strait of Hormuz remain very tight. The latest data shows that on Thursday, only four bulk carriers passed through Hormuz—well below the average level over the past 10 days. At the same time, the market continues to watch for further developments involving attacks on local vessels and regional conflict.
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#原油 #沙特阿拉伯 #霍尔木兹海峡
Group: 点击进入玖玖的粉丝群
The situation in the Middle East isn’t over yet, but oil prices have fallen for the third consecutive day.
In the latest trades, Brent crude briefly dropped by about 2%, hovering around $102, while WTI also fell to around $100. The focus in the market has shifted from “whether supply will be completely disrupted” to “whether Saudi Arabia can get supply flowing again.”
The key is Saudi’s oil pipeline.
The pipeline was previously hit and suspended operations. It could originally transport about 4–5 million barrels of crude oil per day, roughly 4%–5% of global supply. Saudi is now accelerating repairs and plans to restore some pumping capacity first.
Meanwhile, Saudi is also looking for alternative options.
According to reports, Saudi Aramco plans to use ship-to-ship transfers via vessels near Oman to send more crude to buyers in Asia, partially offsetting the export impact caused by the pipeline damage. This development directly eased the market’s concerns about a short-term supply gap. ⛽
So the drop in oil prices doesn’t mean Middle East risk has suddenly disappeared.
On the contrary, conditions for shipping through the Strait of Hormuz remain very tight. The latest data shows that on Thursday, only four bulk carriers passed through Hormuz—well below the average level over the past 10 days. At the same time, the market continues to watch for further developments involving attacks on local vessels and regional conflict.
Click the avatar to join the Jiujiu chat group for daily strategies 🚀
#原油 #沙特阿拉伯 #霍尔木兹海峡
