{"id":3159,"date":"2026-10-23T10:04:22","date_gmt":"2026-10-23T05:04:22","guid":{"rendered":"https:\/\/ipp-news.com\/?p=3159"},"modified":"2026-10-23T10:04:22","modified_gmt":"2026-10-23T05:04:22","slug":"oil-little-changed-as-supply-concern-lingers-amid-houthi-attacks-on-saudi-arabia","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=3159","title":{"rendered":"Oil little changed as supply concern lingers amid Houthi attacks on Saudi Arabia"},"content":{"rendered":"<div>\n<p><strong>Oil prices were little changed in early Asian trade on Friday, after rising 4% to a five-month high in the previous session due \u200bto concerns of further energy supply disruption after Houthi attacks \u200con top exporter Saudi Arabia.<\/strong><\/p>\n<p>Brent crude futures was down 21 cents, or 0.2%, at $112.96 a barrel, while US West Texas Intermediate crude was down \u200b27 cents, or 0.3%, at $98.12.<\/p>\n<p>Every week, WTI was on \u200btrack to end two weeks of gains to finish lower. \u2060Brent, which settled at its highest since May 4 on Thursday, is \u200bset to close higher for the third successive week.<\/p>\n<p>Saudi Aramco on Thursday <a rel=\"noopener noreferrer\" target=\"_blank\" class=\"link--external\" href=\"https:\/\/www.reuters.com\/world\/saudi-civil-aviation-says-one-killed-eight-injured-attack-king-fahd-airport-2026-10-21\/\">ordered the \u200bevacuation<\/a> of its headquarters in Dhahran on the Gulf near Bahrain, Reuters reported, as fighting intensified between the world\u2019s largest crude exporter and Yemen-based Houthis.<\/p>\n<p>Clashes between the Houthis \u200band a Saudi-led coalition that backs Yemen\u2019s internationally recognised government have raged \u200bsince the Iran-aligned Houthis pushed towards Bab el-Mandeb, a shipping chokepoint at the mouth of \u200cthe \u2060Red Sea.<\/p>\n<p>In Libya, an oil pipeline valve from the Hamada and Tahara oilfields to Zawiya port has been shut, leading to a reduction in production at both fields, the head of the National Oil Corporation told Reuters \u200bon Thursday.<\/p>\n<p>Separately, Russia \u200bsaid on Wednesday \u2060it was ready to resume US-mediated talks with Ukraine next month, after President Vladimir Putin hosted US envoy Steve \u200bWitkoff for talks in St Petersburg.<\/p>\n<p>Ukrainian President Volodymyr Zelenskiy \u200bsaid he \u2060hoped negotiations, which would be the first since February, would take place early in November.<\/p>\n<p>Russia was the world\u2019s third-biggest crude oil producer behind the US and \u2060Saudi \u200bArabia in 2025, US energy data showed. \u200bSanctions aimed at keeping Russian energy out of global markets after Russia\u2019s invasion of Ukraine in \u200b2022 have pushed up oil prices.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were little changed in early Asian trade on Friday, after rising 4% to a five-month high in the previous session due \u200bto concerns of further energy supply disruption after Houthi attacks \u200con top exporter Saudi Arabia. Brent crude futures was down 21 cents, or 0.2%, at $112.96 a barrel, while US West Texas Intermediate crude was down \u200b27 cents, or 0.3%, at $98.12. Every week, WTI was on \u200btrack to end two weeks of gains to finish lower. \u2060Brent, which settled at its highest since May 4 on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-3159","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3159"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3159\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}