# Aramco unlikely to reduce oil exports to West after Houthi attack, analysts say | The National

> Analysts said Saudi Aramco is unlikely to reduce its overall oil exports to the West after suspending Red Sea shipments following Houthi attacks on two Bahri-operated crude carriers. Aramco has alternative routes to Europe, including the longer route around the Horn of Africa. Analysts still expect short-term disruption and concern in crude and shipping insurance markets.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/63932-aramco-unlikely-to-reduce-oil-exports-to-west-after-houthi-attack-analysts-say
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Aramco's rerouting limits the supply loss, so the net crude price effect may be modest. Short-term disruption and higher insurance and freight costs could still keep energy prices volatile.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-01-24 | [Yemen’s Red Sea ports could be key to ending conflict with Houthis \| The National](https://feedsoft.ai/events/72880-yemen-s-red-sea-ports-could-be-key-to-ending-conflict-with-houthis-the-national.md) | -0.0% | +0.9% |
| BRENT | 2019-09-16 | [OPEC says too early for any action on oil after Saudi attacks](https://feedsoft.ai/events/57001-opec-says-too-early-for-any-action-on-oil-after-saudi-attacks.md) | +6.6% | -0.3% |
| BRENT | 2020-01-23 | [Opec+  to discuss all options at March meeting, Saudi energy minister says \| The National](https://feedsoft.ai/events/54973-opec-to-discuss-all-options-at-march-meeting-saudi-energy-minister-says-the.md) | -4.8% | -5.2% |
| BRENT | 2018-09-13 | [Oil trades below $70 as traders assess supply shortage  \| The National](https://feedsoft.ai/events/63208-oil-trades-below-70-as-traders-assess-supply-shortage-the-national.md) | -0.6% | +4.5% |
| BRENT | 2020-11-30 | [Opec set for annual meeting to discuss next phase of oil production policy \| The National](https://feedsoft.ai/events/50063-opec-set-for-annual-meeting-to-discuss-next-phase-of-oil-production-policy-the.md) | +3.5% | +7.0% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/aramco-unlikely-to-reduce-oil-exports-to-west-after-houthi-attack-analysts-say-1.754792

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