Unsuccessful Houthis attacks on Saudi oil infrastructure

After a bull run placing Brent prompt price below 70 $/b on Friday, the rally continued on Monday as Saudi top intelligence officials reported a failed drone strike by the Houthis on the Ras Tanura oil farm. Ras Tanura is the key chokepoint of the global oil supply, with 3.5 mb/d of export capacity. On Sunday, Saudi Aramco unveiled its official selling prices for its crudes, raising differentials to Asia. Chinese crude oil exports recovered in January and February to 11.1 mb/d growing by 4% y/y. 

INE-chinese-crude-oil-inventories
Share this news :

You might also read :

ES-power
June 29, 2021

EUAs rebounded after an early weakness

The European power spot prices edged up yesterday as the higher fuels and emissions price combined with the expectations of stronger power demand offset the…
ES-gas
May 3, 2021

European prices extended gains

European gas prices increased sharply on Friday. In addition to persistent concerns about Russian flows via Ukraine, there was the effect of the fall in…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]