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Market move▲ Bullish for Indian equities
Saudi Arabia crude oil exports hit highest level since Iran war began despite pipeline outage
The brief
- Saudi crude exports hit their highest level since the Iran war began despite a pipeline outage
- Exports are rising despite escalating attacks on infrastructure from Iran-backed militants in Yemen and Iraq
- Higher Saudi supply may ease crude costs for Indian refiners and oil-marketing companies
- Mideast oil exports rebound in September as Saudi Arabia boosts shipments
- Sitharaman to visit Qatar for AIIB annual meeting on September 27–29
- Saudi shifts Riyadh schools to remote learning
- Saudi Aramco works with Evercore on gas unit plans
- Azerbaijan signs investment agreements worth more than $10 billion
Saudi oil shipments through the Strait of Hormuz
Saudi Arabia increased crude shipments to Asian buyers, including India and China, as the Iran war and Hormuz crisis raised supply concerns. Ship-to-ship oil transfers in the Gulf of Oman have reached capacity amid the surge in exports.
Friday, 25 September
- Saudi Arabia crude oil exports hit highest level since Iran war began despite pipeline outage