Saudi-led forces hit Sana'a fuel facility: Update

Market: Crude oil, Oil products
13/10/26

Adds Houthi confirmaton of strikes on two fuel facilities

The Saudi-led military coalition conducted air strikes today on oil storage and distribution sites in Yemen, according to the Houthi militant group.

State-owned Yemen Petroleum's al-Sabaha central station, about 10km west of the capital Sana'a, and its Ras Isa facility at the port of Hodeidah were attacked, and two people died at the latter location, according to Houthi-run Al Masirah TV.

Earlier, the Saudi coalition told civilians to leave the al-Sabaha location. There was no confirmation of the attacks from Riyadh.

The Houthis initially responded by threatening a "harsh and painful" retaliation in Riyadh if Sana'a was attacked. They later warned workers to stay away from Saudi stage-controlled Aramco sites and other oil facilities in Saudi Arabia because they could be targeted. The group also renewed earlier warnings to airlines, passengers and airport workers.

The warnings follow two attacks on Riyadh's King Khalid International Airport over the weekend that killed at least 14 people. The coalition said it would respond "decisively" to those attacks, which it described as war crimes.

The Houthis have previously threatened and targeted Saudi oil facilities. They claimed attacks on Aramco's Shedgum and Tanajib gas plants at the weekend, but this has not been independently verified and Aramco has not confirmed them.

By James Keates and Ben Winkley

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13/10/26

Saudi-led forces issue Sana'a fuel facility warning

London, 13 October (Argus) — The Saudi-led military coalition fighting Yemen's Houthi movement has told civilians to leave a fuel storage and distribution facility west of the Houthi-controlled capital Sana'a. The coalition identified the site as state-owned Yemen Petroleum's al-Sabaha central station, around 10-12km west of the city, and published a map showing its location. It said civilians should leave for their safety. The Houthis initially responded by threatening a "harsh and painful" retaliation in Riyadh if Sana'a was attacked. They later warned workers to stay away from Saudi Aramco sites and other oil facilities across Saudi Arabia because they could be targeted. The group also renewed earlier warnings to airlines, passengers and airport workers. The warnings follow two attacks on Riyadh's King Khalid International Airport over the weekend that killed at least 14 people, including 13 on 10 October and one the next day. The coalition said it would respond "decisively" to the 10 October attack, which it described as a war crime. The Houthis have previously threatened and targeted Saudi oil facilities. They claimed attacks on Saudi Aramco's Shedgum and Tanajib gas plants over the weekend, but the claims have not been independently verified and Aramco has not confirmed them. By James Keates Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Opec sees China oil demand falling in 2026

13/10/26

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13/10/26

Opec sees China oil demand falling in 2026

London, 13 October (Argus) — Opec has again lowered its global oil demand growth forecast and now expects Chinese consumption to fall this year, it said today. China has long been a key driver of global oil demand growth but the US-Iran war and disruptions to energy flows have weighed on its consumption. In its latest Monthly Oil Market Report (MOMR), published today, Opec forecasts China's oil demand will contract by 60,000 b/d to 16.83mn b/d in 2026, down from 10,000 b/d of growth in its previous report and 200,000 b/d of growth before the US-Iran war began. Opec expects China's oil demand to rebound next year, growing by 470,000 b/d to 17.30mn b/d. The IEA first forecast a decline in China's oil demand this year in June and now expects the country's consumption to fall by 660,000 b/d on the year to 16.34mn b/d. The Paris-based agency forecasted global oil demand to fall by 2.5mn b/d to 102.5mn b/d in 2026 in its latest report . Opec sees global oil demand growing by 180,000 b/d to 105.72mn b/d this year, down from a projected increase of 380,000 b/d in its previous report . "While some of the recent oil demand data published may point to a temporary softening this year, especially for China, yet much of this information is still very much preliminary and may be revised upward," Opec said. Opec has largely shifted its downgrades for demand this year loss into next year's growth projection. It now sees global oil demand growing by 2.55mn b/d to 108.28mn b/d in 2027, up from 2.36mn b/d in its previous report. "This [2026] demand [loss] has been deferred to 2027, where we believe there will be pent-up demand," Opec secretary general Haitham al-Ghais said at the WPC Energy Congress in Riyadh this week. Before the Iran war, Opec had forecast oil demand to grow by 1.4mn b/d in 2026 and 1.3mn b/d in 2027. Opec kept its non-Opec+ supply growth forecast unchanged at 640,000 b/d for 2026 and 620,000 b/d for 2027. Opec does not forecast Opec+ production but publishes an average of estimates from secondary sources, which include Argus . This shows Opec+ crude output — including Mexico and the UAE — rose by 903,000 b/d on the month to 39.068mn b/d in September. The UAE withdrew from Opec and Opec+ on 1 May this year, while Mexico is not bound by an Opec+ production quota. By Aydin Calik Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Hormuz product flows at risk as Iranian strikes rise

13/10/26

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13/10/26

Hormuz product flows at risk as Iranian strikes rise

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IMF upgrades outlook modestly despite war risks

13/10/26

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13/10/26

IMF upgrades outlook modestly despite war risks

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About 30pc of Gulf of Mexico oil output still shut in

12/10/26

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About 30pc of Gulf of Mexico oil output still shut in

New York, 12 October (Argus) — About 30pc of offshore oil production in the Gulf of Mexico was still shut in on Monday as operators scrambled to restore operations in the wake of Hurricane Isaias. Around 604,503 b/d of offshore Gulf oil production and 531mn cf/d of natural gas production were off line as of noon ET on Monday, according to the US Marine Minerals Administration, equal to about 30pc and 25pc of the region's production, respectively. That is down from the 1.5mn b/d of oil and 1.3 Bcf/d of natural gas production off line shortly before the storm made landfall. Firms including BP and Shell began to redeploy staff and restart production from offshore platforms over the weekend after Isaias made landfall in Florida as a category 2 storm late on Friday. By Stephen Cunningham Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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