# Saudi Aramco adds 3 million bpd oil export capacity on West coast | The National

> Saudi Aramco says its Yanbu South terminal on the Red Sea now adds 3 million barrels per day of western export capacity after rehabilitation. The company's current export capacity is 12.5 million bpd, and it plans to expand the Muajjiz terminal to 15 million bpd.

- Date: 2018-10-17 · published 2018-10-17T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/62427-saudi-aramco-adds-3-million-bpd-oil-export-capacity-on-west-coast-the-national
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Alternative Red Sea export routes reduce the risk of a Strait of Hormuz disruption, which trims geopolitical risk premium in crude and eases energy input costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-28 | [Oil prices drop by 6% as Israel's strike on Iran avoids energy facilities  \| The National](https://feedsoft.ai/events/28027-oil-prices-drop-by-6-as-israel-s-strike-on-iran-avoids-energy-facilities-the.md) | -3.3% | -0.3% |
| BRENT | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +2.5% | -21.2% |
| BRENT | 2019-09-17 | [Oil plunges on report Saudi Arabia may soon restore most of lost output](https://feedsoft.ai/events/57242-oil-plunges-on-report-saudi-arabia-may-soon-restore-most-of-lost-output.md) | -5.8% | -14.0% |
| BRENT | 2026-05-03 | [OPEC+ countries, including Saudi Arabia and Russia, to boost oil production \| AP News](https://feedsoft.ai/events/19149-opec-countries-including-saudi-arabia-and-russia-to-boost-oil-production-ap-news.md) | -9.5% | -14.6% |
| BRENT | 2024-11-26 | [​Brent crude oil, silver and wheat prices drop on Middle East de-escalation​ \| Levels to Watch \| IG International](https://feedsoft.ai/events/11779-brent-crude-oil-silver-and-wheat-prices-drop-on-middle-east-de-escalation.md) | -1.8% | -1.7% |
| WTI | 2024-10-28 | [Oil prices drop by 6% as Israel's strike on Iran avoids energy facilities  \| The National](https://feedsoft.ai/events/28027-oil-prices-drop-by-6-as-israel-s-strike-on-iran-avoids-energy-facilities-the.md) | -3.1% | -0.6% |
| WTI | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +4.6% | -23.5% |
| WTI | 2019-09-17 | [Oil plunges on report Saudi Arabia may soon restore most of lost output](https://feedsoft.ai/events/57242-oil-plunges-on-report-saudi-arabia-may-soon-restore-most-of-lost-output.md) | -6.9% | -15.0% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/saudi-aramco-adds-3-million-bpd-oil-export-capacity-on-west-coast-1.781450

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.