Qatarenergy

Saudi Arabia’s East-West pipeline restart has reduced a near-term crude supply constraint, although full restoration of flows is expected to take time. Natural gas remains the tighter market after QatarEnergy said attacks on Ras Laffan wiped out a significant share of LNG output.

Saudi crude exports have improved as U.S. engagement with Iran eases fears of Middle East supply disruptions, helping balance return to oil markets. Natural gas remains exposed to Qatar supply disruptions, while WTI, Brent and NG traders watch key technical levels.

Oil flows through the Strait of Hormuz have improved, but low visible tanker traffic, costly rerouting and unresolved diplomacy continue to complicate the supply outlook. WTI, Brent and natural gas remain technically sensitive as traders watch support and resistance levels for the next directional signal.