Saudi Arabia News

Oil company Saudi Aramco has told at least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia's key pipeline to the Red Sea, Bloomberg News reported on Friday, citing people familiar with the matter.European refiners typically buy Saudi crude under term contracts that guarantee monthly supplies, but Aramco has informed customers that next month's deliveries will not proceed, the report said.Saudi Arabia earlier informed…

Oil prices rose nearly $3 on Tuesday after a report said oil loadings at Saudi Arabia's Red Sea port of Yanbu have been suspended, and Libya halted operations at three oil fields, heightening concerns that disruptions to key oil supply routes could persist for weeks.Brent crude futures were up $2.81, or 2.66%, at $108.49 a barrel at 1106 a.m. ET, while U.S. West Texas Intermediate CLc1 futures were up $3.29 at $104.68 a barrel. If prices hold, both contracts would be on track…

Yemen's Iran-aligned Houthis launched a new attack on Saudi Arabia on Monday and Gulf Arab states postponed planned talks with Iran, underscoring fears that the Middle East conflict could spread further and threaten global oil supplies.U.S. President Donald Trump said Iran wanted to reach a deal with Washington, signalling a possible diplomatic opening despite the widening regional tensions."The failing Nation of Iran wants to make a deal, quickly and badly. I will determine whether or not the U.S.A.

Yemen's Tehran-backed Houthis attacked four cities in the south of U.S. ally Saudi Arabia on Tuesday, wounding more than 70 people and setting oil installations ablaze in what appeared to be a major expansion of the six-month-old Middle East war.The Houthis, who control most of Yemen's populated areas including the capital, said they had launched a broad operation deep into Saudi territory. They used drones and missiles to strike a Saudi airbase in the southern city of Khamis Mushait…

Saudi Arabia, the world's biggest crude exporter, said on Wednesday that an Iranian attack on an oil tanker owned by its national shipping company had killed two Filipino seafarers.Sidr, owned by Bahri, was one of two supertankers carrying Saudi oil reported to have been hit late on Monday while transiting the Strait of Hormuz.Tehran has threatened tankers attempting to sail through the narrow waterway without authorisation, impeding energy exports from neighbouring oil-rich Gulf…

Yemen's Iran-aligned Houthis attacked a vessel off Saudi Arabia’s port city of Yanbu in the Red Sea, the group's military spokesperson Yahya Saree said in a televised speech on Monday.Saudi Arabia's national shipping company Bahri later said one of its vessels, the "Amzan", was involved in a maritime incident in the Red Sea earlier in the day, adding that all crew members were safe and no injuries had been reported.The company said it remained in contact with the vessel and was closely coordinating with the relevant authorities.Earlier, the United Kingdom Maritime Trade Operations agency said

Saudi crude exports from the Red Sea are increasingly vanishing from view as tankers switch off tracking signals to avoid attacks by Yemen's Iran-aligned Houthis, with analysts saying all recent Yanbu loadings have been conducted "dark".The Houthis declared a maritime embargo against Saudi Arabia on July 20, opening a new front against the United States and its allies in the Iran war.Since then, they have claimed attacks on Saudi-linked tankers, Yanbu oil facilities and, most recently…

Six Saudi-flagged supertankers have changed course in the Gulf of Aden in recent days and are heading to southern Africa following threats by Yemen’s Houthi movement to target Saudi shipping, tracking data showed on Monday.The tankers, which were empty of cargo after returning from destinations in Asia, were sailing in formation towards southern Africa, rather than opting to transit the southern Red Sea via the Bab el-Mandeb chokepoint, according to AIS ship-tracking on LSEG and MarineTraffic.One of the tankers…

Saudi Arabia on Thursday unveiled plans for a multinational maritime defence coalition aimed at protecting international shipping and energy supply routes in the Red Sea region after attacks by Yemen's Iran-aligned Houthis disrupted one of the world's busiest trade corridors.The Saudi defence ministry said representatives from 43 countries and the European Union attended an international meeting that discussed the proposed coalition, including Saudi Arabia serving as its founding and leading state and hosting its headquarters.The ministry said the coalition would strengthen maritime security…

Yemen's Iran-aligned Houthis said on Monday they targeted a number of sensitive crude oil supply and transport sites linking eastern Saudi Arabia to the critical Red Sea oil export hub of Yanbu.Saudi state oil giant Aramco did not immediately respond to a request for comment.Houthi military spokesperson Yahya Saree said the operation was in response to what he described as Saudi drone incursions into Yemeni airspace.Saudi Arabia has re-routed its crude output to Yanbu via its east-west pipeline to get around Iranian attacks on shipping in the Strait of Hormuz, which began after the U.S.

Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis, as a widening Middle East conflict disrupted shipping through two of the world's most critical energy chokepoints.The diversions came as U.S. forces bombed targets in the south and west of Iran overnight, Tehran targeted U.S. sites in Bahrain, Kuwait and Jordan and at least one tanker was hit in the Strait of Hormuz in the latest escalation of…

Yemen's Iran-aligned Houthi militia told shipping companies not to load or discharge cargo at Saudi Arabian ports or they may be targeted, according to an email the group sent to companies.The Houthis on Monday declared a naval blockade against Saudi Arabia, opening a potential new front against the United States in its war with Iran and raising the threat to global energy supplies and trade beyond the Gulf."Vessels are banned from loading or discharging cargo at or from any Saudi ports…

Yemen's Iran-aligned Houthis said on Monday they were imposing a naval blockade on Saudi Arabia, a move that opens a new front against the United States in its war on Iran and widens the threat to global energy supplies and trade beyond the Gulf.The Houthis made their announcement despite signs that Tehran and Washington want to resume diplomacy to halt a worsening cycle of attacks that has all but wrecked a fragile interim agreement signed last month.Iran's Foreign Ministry said mediators had presented "proposals" to Tehran…

Daily crude loadings at Saudi Arabia's Red Sea port of Yanbu are close to maximum levels this week as tensions with Yemen's Houthi militia intensify and the kingdom seeks to maximise oil exports, according to data and industry sources.Saudi Aramco, the world's largest oil exporter, has increased use of the Yanbu terminal since the U.S.-Israeli conflict with Iran began on February 28.Saudi Arabia is also considering expanding the capacity of its oil pipeline to the western Red Sea coast, enabling the kingdom and possibly neighbours to transport more oil without crossing the Strait of Hormuz, so

Crude oil exports from Saudi Arabia fell for a second straight month in April to a record low, according to Joint Organizations Data Initiative (JODI) data released on Monday, as the Iran war disrupted shipments from the Gulf region.Exports fell to about 3.990 million barrels per day in April from 4.974 million bpd in March. The JODI data for Saudi Arabia's crude oil exports and output extends back to 2002, the earliest period for which data is available.The country's crude oil production stood at 6.316 million bpd in April…

Saudi Arabia's crude oil sales to China are expected to stay at record lows in July as elevated prices in the wake of the U.S.-Israeli war on Iran continue to weigh on demand from the world's largest crude importer, sources familiar with the matter said.The allocations, closely watched by market participants as a gauge of Chinese demand, indicate that refiners remain reluctant to import high-priced barrels following run cuts and as they draw on domestic inventories.Saudi crude shipments also remain somewhat constrained by Iran's closure of the Strait of Hormuz…

Panama-flagged tanker Idemitsu Maru, carrying 2 million barrels of Saudi oil, crossed the Strait of Hormuz, LSEG shipping data showed on Tuesday, becoming the first Japan-linked crude tanker to do so since the Iran war began.Before the U.S.-Iran conflict broke out on February 28 and disrupted Middle East crude oil and liquefied natural gas supplies, Japan relied on the region for 95% of its oil imports, much of it coming via the Strait of Hormuz.The move comes as Japan's recent diplomatic efforts to safeguard energy supplies were disrupted by the war.Earlier in April…

The United Kingdom Maritime Trade Operations (UKMTO) said on Monday it had received a report of an incident 22 nautical miles northeast of Saudi Arabia's Ras Tanura.A company security officer (CSO) of a container vessel reported two unknown projectiles had splashed in proximity of the vessel, each occurring within one hour of each other, UKMTO said, adding all crew members were reported as safe.(Reuters)

Crude oil exports from Saudi Arabia's Red Sea Yanbu port rose to nearly 4 million barrels per day last week, a sharp increase from export levels before the Iran war broke out, shipping data shows.The jump shows that Saudi Aramco, the world's biggest oil exporter, is making progress on a plan to send crude along its East-West pipeline to Yanbu to keep supplies flowing and offset the effective closure of the Strait of Hormuz due to the conflict.Aramco can pump up to 7 million bpd to Yanbu through the pipeline…

Saudi Arabia's state oil company Aramco is attempting to reroute some of its crude exports to the Red Sea to avoid the Strait of Hormuz, where the risk of Iranian attacks has slowed shipping to a near halt, sources said on Tuesday.Saudi Arabia and other regional Gulf oil producers, such as the United Arab Emirates, Kuwait and Iraq, have been unable to move oil through the Strait since the U.S. and Israel launched attacks on Iran on Friday. Hundreds of ships have anchored on either side of the Strait as a precaution…

Saudi Arabia is increasing its oil production and exports as part of a contingency plan in case any U.S. strike on Iran disrupts supplies from the Middle East, two sources familiar with the plan said on Wednesday.The Saudi government media office did not immediately respond to a request for comment on the plan.U.S. President Donald Trump has said he is considering a strike on Iran to pressure its leaders to agree a deal to curb Tehran's nuclear programme. The United States has assembled a large military force in the Middle East in recent weeks.Last year…

Exail announced the opening of a new office in Riyadh, Saudi Arabia, marking a milestone in its expansion across the Middle East. This new presence reflects Exail’s commitment to strengthening proximity with local customers and partners, and to supporting the development of its activities in the country. By establishing a permanent presence in Riyadh, Exail aims to reinforce customer support, foster long-term partnerships, and better address local operational needs. The new office will support ongoing programs, future projects and cooperation initiatives with key local actors.

Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco.The first contract (CRPO 162), with a duration of 32 months, encompasses the Engineering, Procurement, Construction, and Installation (EPCI) of approximately 34 km of pipeline, with diameters of 20” and 30", and related works on topside structures at the Berri and Abu Safah oil fields.The second contract (CRPO 165)…