Satellite imagery revealed damage to three pumping stations along Saudi Arabia’s East-West pipeline, threatening crude delivery delays to European refiners until November. Meanwhile, US officials opened direct talks with Houthi representatives ahead of upcoming diplomatic summits in New York.
Global market
Satellite imagery confirmed damage to three pumping stations on Saudi Arabia’s East-West pipeline, expanding initial outage estimates and threatening crude delivery delays to European refiners until November. To mitigate regional escalation, US officials held direct talks with Houthi representatives, who committed not to target American interests ahead of meetings between US President Donald Trump and Persian Gulf leaders. In domestic energy policy, Turkish Energy Minister Alparslan Bayraktar announced a $108 billion investment plan to install 120 GW of wind and solar capacity by 2035 while expanding gas hub operations. In fuel logistics, US commercial gasoline inventories rose by 800,000 barrels to 207.7 million barrels, while Mexican authorities seized 59 million liters of contraband fuel in Guanajuato.
Russia & CIS
Russia’s 2026 federal budget deficit is projected at approximately 2%, Russian President Vladimir Putin announced, anticipating increased oil and gas revenues in coming months. In regional infrastructure, an overnight drone attack involving over 50 UAVs damaged five residential homes and gas pipelines in Rostov Region, while an emergency blackout cut power across Kherson Region. In environmental response efforts, emergency crews processed 400 square meters and delivered 25 cubic meters of drinking water to Sindassko following a 200-ton diesel spill in Taymyr. Meanwhile, Crimean Governor Sergey Aksenov pledged compensation to over 600,000 residents affected by power outages exceeding 48 hours, and Moscow courts rejected a $100 million claim by TGK-2 against China’s Huadian.
Armenia
Extensive damage to Saudi pipeline infrastructure and Middle East conflict risks continue to heighten global energy market uncertainty. Despite regional supply chain friction and Panama Canal bulker transit declines of 22%, retail prices for petrol, diesel, and natural gas in Armenia remain stable. Energy market continuity is supported by long-term supply agreements within the EAEU, which shield domestic consumers from international supply shocks and price swings recorded by international market price assessments.