Saudi Arabia has restarted operations on its East-West oil pipeline and could resume crude exports from the Red Sea port of Yanbu later on September 22, three sources briefed on the matter told Reuters, easing pressure on global oil supplies after drone attacks forced the key export route to shut down.
The pipeline was initially restarted at a low pumping rate, with Saudi Aramco expected to gradually increase flows.
Oil prices fell On September 22, with Brent crude declining 1.39% to $98.68 a barrel, while US West Texas Intermediate (WTI) crude dropped 2.05% to $90.20 a barrel.
Investors are closely monitoring possible talks between the United States and Iran on the sidelines of the United Nations General Assembly meetings this week.
Halliburton, one of the leading oil and gas service companies in the US, has signed memoranda of understanding (MOUs) with Brazil’s Eneva and Venezuela’s WESCA to support energy development opportunities in Venezuela.
The administration of US President Donald Trump proposed investing $5 billion in a new fund to rebuild energy infrastructure in the Middle East following a war with Iran, Reuters reported citing a report from Wall Street Journal.
Saudi Arabia has increased crude oil loadings from its Gulf export terminals after a drone attack disrupted shipments through its East-West Pipeline to the Red Sea, with Saudi Aramco loading about 14 million barrels onto seven very large crude carriers (VLCCs) at Ras Tanura on September 20, according to shipping and satellite-tracking data.
In this exclusive interview, Emma Richards, Associate Director, Oil & Gas Research at BMI, Fitch Solutions outlines the far‑reaching impact of the Saudi East‑West Pipeline shutdown, assessing how the disruption could squeeze the Kingdom’s Red Sea exports and ripple through global oil markets. The discussion highlights the fragility of alternative routes, the immediate price pressures already visible in Brent futures, and the broader geopolitical tensions shaping the outlook.
A major Ukrainian drone attack damaged Moscow’s oil refinery as strikes on Russia’s energy infrastructure continue amid the ongoing Russia-Ukraine war.
QatarEnergy may face delays to some of its planned Liquified Natural Gas (LNG) expansion projects as the ongoing crisis around the Strait of Hormuz prevents critical equipment from reaching Qatar, Saad al-Kaabi, QatarEnergy CEO and Qatar’s Minister of State for Energy Affairs. said.
Speaking at the Qatar Economic Forum in New York, al-Kaabi said the disruption was affecting the delivery of equipment needed for expansion projects.
Europe is expected to face a jet fuel supply shortfall of around 510,000 barrels per day (bbl/d) in the fourth quarter (Q4) of 2026, despite increasing imports from distant suppliers including South Korea, according to Reuters, citing analysts and shipping data.
The French energy major TotalEnergies has entered into a partnership agreement with Global Infrastructure Partners (GIP), a BlackRock affiliate, to cover its interests in selected oil and gas infrastructure assets in Africa, according to a TotalEnergies press release.
Under the agreement, GIP will provide a $1.8 billion capital contribution to TotalEnergies. In return, TotalEnergies will pay GIP a throughput-based tariff over a period of up to 15 years.
