WS #15789
The Saudi Coalition has launched renewed airstrikes targeting Houthi oil infrastructure in Yemen, including the Ras Issa port and facilities in Hodeidah. Simultaneously, OPEC data reveals Russian oil production has fallen by 75,000 barrels per day, with exports slowing due to logistical bottlenecks in the Black Sea. These supply-side constraints are creating a bullish environment for energy majors while raising input costs for airlines and shipping.
Middle East & Energy Supply Shocks
The Saudi Coalition has launched renewed airstrikes targeting Houthi oil infrastructure in Yemen, including the Ras Issa port and facilities in Hodeidah. Simultaneously, OPEC data reveals Russian oil production has fallen by 75,000 barrels per day, with exports slowing due to logistical bottlenecks in the Black Sea. These supply-side constraints are creating a bullish environment for energy majors while raising input costs for airlines and shipping.