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Tuesday, Sep 15, 2026

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Saudi Arabia Cancels Some European Oil Cargoes After Pipeline Attack
topics 🛢️ Commodity⚔️ War tags BusinessEnergy MarketsOilPoliticsWarWorldMiddle East keywords Saudi AramcoReutersUS EnergyChris WrightCNBCTankerTrackersBaltic ExchangeSplashRory Johnston

Crude loadings at Saudi Arabia’s Red Sea port of Yanbu were suspended Tuesday after drone attacks shut the East-West pipeline, which had carried about 4 million BPD to the port while bypassing the Strait of Hormuz. Saudi Arabia informed European customers that some cargoes scheduled for loading in late September would be canceled. Saudi Aramco declined to comment.

Industry sources told Reuters on Sunday that Yanbu’s stored crude could sustain exports for only five to seven days. One source estimated repairs could take five to six weeks, while another said partial pumping could resume sooner. US Energy Secretary Chris Wright offered a shorter estimate Tuesday, telling CNBC, “I think pipeline opening will be measured in days.” Saudi Arabia has not announced a restart timetable. Loading continued on the kingdom’s east coast, where 8.7 million barrels were being loaded on September 15, TankerTrackers reported.

Some physical oil cargoes in Europe topped $130 a barrel as the pipeline remained offline. The Baltic Exchange benchmark for very large crude carriers sailing from the Persian Gulf to China reached $1.035 million a day Monday, though shipping publication Splash247 called the benchmark “increasingly theoretical” as fewer owners were willing to price a Hormuz transit. Oil flows through Hormuz have recovered, with the seven-day average reaching nearly 12 million BPD as of Sunday, but that remained below 60% of the level before the war, oil analyst Rory Johnston said.

Image via @menchosint on X
Earlier version from Tuesday, Sep 15
Saudi Arabia Halts Yanbu Oil Loadings, Sending Crude Up More Than $3
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