Apr 12, 2026 (Bloomberg) –Saudi Arabia has restored the full pumping capacity of its East-West pipeline to 7 million barrels a day, rehabilitating a vital link for oil exports via the Red Sea.
A strike last week — hours after a ceasefire was declared in the Iran war — damaged one of 11 pumping stations along the 746-mile (1,200-kilometer) conduit, reducing throughput by 700,000 barrels a day. Saudi Arabia has quadrupled crude shipments from its Red Sea terminals since the end of February to work around the near total shutdown of the Strait of Hormuz.
Output from Saudi Aramco’s offshore Manifa oil production facility was also restored, the energy ministry said Sunday, though work continues at the Khurais onshore complex. Attacks on Manifa and Khurais had cut production capacity by about 300,000 barrels a day each, the state-run Saudi Press Agency said last week.
“This quick recovery reflects the high operational resilience and crisis management efficiency of Saudi Aramco and the kingdom’s energy ecosystem as a whole, thereby enhancing the reliability and continuity of supplies to local and global markets,” the energy ministry said.
Khurais produces the type of light crude that Aramco had been pumping through the East-West pipeline, while Manifa and Aramco’s other offshore deposits generally pump thicker and heavier barrels.
The key Saudi export port of Yanbu in the Red Sea appeared to have its busiest day since Houthi threats upended shipping in the region, while more ships transited dark through the Bab el-Mandeb chokepoint.
By Firat Kozok, Patrick Sykes and Khalid Al-Ansary Aug 1, 2026 (Bloomberg) –Turkey reached an agreement with Iraq to extend an expired oil pipeline deal by one year and increase flows...
The price of crude is not reflective of the supply reality in the Middle East, and based on crude trade data, the runway left for this crude reality can be felt by the U.S. midterms.
July 27, 2026
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