The pipeline restarted on September 22 — eleven days after the shutdown — but full capacity was estimated to take six to eight weeks to restore, Reuters reported via Baird Maritime.
The China-Myanmar crude oil pipeline has transported more than 100 million tonnes since 2017, giving southwest China an alternative import route that bypasses the Strait of Malacca.
Saudi Arabia plans to store crude at Singapore’s Jurong Rock Caverns from the second half of 2027, adding another Asian supply buffer after Hormuz disruptions exposed the risks of long-distance oil flows.
Iran plans to use the Moscow GECF summit to pursue deeper gas cooperation with Russia and other exporters, including field development, gas exchanges, infrastructure security and possible market coordination.
President Trump has classified U.S. petroleum production, refining and logistics as essential to national defense, opening Defense Production Act financing tools for oil projects, pipelines, storage and refineries.
Oil prices surged more than $3 a barrel Friday as attacks in Saudi Arabia, tanker security concerns and fresh regional supply disruptions pushed crude to its highest close in nearly six months.
Oil prices were little changed on Wednesday as investors weighed possible progress toward Russia-Ukraine talks against declining US oil stocks and a lack of US-Iran dialogue.
Goldman Sachs says average global crude freight costs have climbed above $20 a barrel from about $3 a year ago, reshaping oil trade and squeezing refinery margins.
Oil surrendered gains of as much as $2 a barrel on October 21 as Russia-Ukraine peace-talk prospects offset tanker attacks, stalled U.S.-Iran diplomacy and a larger-than-expected U.S. crude-stock draw.
