Business · Economy · 1 hr ago
Saudi Arabia says energy exports are helping offset regional supply disruptions
Saudi Energy Minister Prince Abdulaziz bin Salman spoke at a ministerial meeting of the International Energy Forum in Riyadh.
He said Saudi Arabia would meet its commitments despite difficult conditions.
The article describes disruption to shipping through the Strait of Hormuz and the Bab el-Mandeb as affecting energy supplies and trade.
It says about half the oil and refined products that normally pass through the Strait of Hormuz have been disrupted, amounting to about three billion barrels since the conflict began.
Aramco chief executive Amin Nasser said the East-West pipeline helped keep Brent crude near $100 a barrel, rather than the $200 it might otherwise have reached.
Saudi Arabia has supplied more than six million barrels a day, according to the article.
Nasser said rebuilding global oil stocks while meeting demand could take up to two years.
Saudi Arabia says it has supplied the world with more than six million barrels of oil a day, helping ease pressure on markets amid regional disruptions.
The article says disruptions have halted about half the crude oil and refined products that had been passing through the Strait of Hormuz.
It estimates that about three billion barrels of global oil supplies have been affected since the conflict began.
Brent crude prices rose to around $100 a barrel, and Aramco’s chief executive warned that rebuilding global stocks while meeting demand could take up to two years.
The article credits Saudi Arabia’s East-West pipeline with limiting the price rise and says the country had prepared alternatives over several decades.
- Who
- Saudi Arabia, including its energy sector and Aramco, is responding to the disruptions.
- What
- Saudi Arabia says its energy exports are helping offset regional supply disruptions.
- When
- The article was published on October 12, 2026; it says the disruptions have continued for months.
- Where
- The disruptions affect regional trade routes, including the Strait of Hormuz and Bab el-Mandeb.
- Why
- Attacks and disruptions to shipping routes have affected energy supplies and markets.
This story does not have two clearly opposing sides.
We value our commitments, and we are keen to fulfill them whatever the circumstances.. No one can break our strength.
Rebuilding global stocks while meeting demand may take up to two years.
Regional disruptions have affected about three billion barrels of global oil supplies, according to the article.
Disruptions to trade routes including the Strait of Hormuz and Bab el-Mandeb have affected supply chains and energy exports.
Amin Nasser warned at the Energy Intelligence Forum in London that rebuilding global stocks while meeting demand could take up to two years.
Prince Abdulaziz bin Salman spoke at the 17th ministerial meeting of the International Energy Forum in Riyadh.
- Saudi oil supply
- More than 6 million barrels per day supplied to the world
- Strait of Hormuz disruption
- About half of the crude oil and refined products previously passing through the strait
- Estimated affected supply
- About 3 billion barrels since the conflict began
- Brent crude
- Around $100 per barrel
- Possible stock rebuilding period
- Up to 2 years
- Saudi pipeline
- East-West pipeline
Sources
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