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Saudi oil exports still below pre-war levels after reroutes

8/27/2026

33 5 Full Breakdown

Summary

Story summary

Saudi Arabia redirected crude north via the Suez Canal and Egypt’s Sumed pipeline after Houthi attacks.
The Sumed route carried 1.9 million barrels per day in August, adding two-four weeks travel and $5 per barrel.
About 7 million barrels loaded at Ras Tanura on Tuesday.
Bloomberg satellite data show Saudi oil exports remain below pre-war levels despite the new routes.

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Story summary

Saudi Arabia redirected crude north via the Suez Canal and Egypt’s Sumed pipeline after Houthi attacks.
The Sumed route carried 1.9 million barrels per day in August, adding two-four weeks travel and $5 per barrel.
About 7 million barrels loaded at Ras Tanura on Tuesday.
Bloomberg satellite data show Saudi oil exports remain below pre-war levels despite the new routes.