Saudi oil under fire, Aramco plots new routes to keep barrels flowing

AI Summary

Saudi Aramco is developing additional oil export routes and considering overseas storage to reduce vulnerabilities after attacks on Saudi energy infrastructure by Yemen’s Houthi rebels. CEO Amin Nasser said supply could reach 12 million barrels per day if needed, while disruptions have driven premiums in physical oil markets.

Saudi Aramco is actively developing additional oil export routes and studying overseas storage to address vulnerabilities. The ongoing attacks on Saudi energy infrastructure by Yemen’s Houthi rebels have heightened security concerns. CEO Amin Nasser indicated that crude supply could reach 12 million barrels per day if needed. Physical oil market prices are already experiencing significant premiums due to these disruptions.