Saudi Aramco tells Asian refiners Yanbu crude loadings can resume soon

The signal here is about rerouting, not volume: Aramco is restoring one export outlet while term allocations to Europe are already being cut, which suggests the disruption is being absorbed by reshuffling flows rather than by a supply gap. Asian refiners get priority access to Yanbu barrels, effectively shifting the cost of the outage onto European buyers. Whether the pipeline's return to full service is confirmed, and whether European term buyers are compensated in later cycles, is the open question.