EnergyScan

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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

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?  Sign up here!

[booked-calendar]