Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.

Yemen’s Iranian-backed Houthi rebels are expanding their threat to shipping routes out of the Red Sea.

When Saudi term deliveries vanish, Orlen must replace crude via tenders—usually at higher spot prices—but refiners with scale and procurement leverage can protect margins by quickly switching slates and capturing wider crack spreads.

Saudi Aramco has achieved the technical means for a partial restart on its strategic East-West Pipeline, which was significantly damaged in a drone