Saudis Pivot to Send More Oil Via Hormuz After Pipeline Shut
Saudi Aramco has sold about 20 million barrels of crude to Asian refiners for pickup this month and next from just outside the Strait of Hormuz, after the shutdown of the East-West pipeline. The buyers included Chinese state-owned and independent processors and other East Asian importers. Aramco also delayed deliveries from Yanbu to some European customers and at least one East Asian refiner.
Why it matters: This illustrates how energy security is affected by the vulnerability of pipelines and maritime chokepoints.