The Zhitong Finance App learned that oil stocks generally rose on Tuesday, with Brazilian Petroleum (PBR.US), Occidental Petroleum (OXY.US), and British Petroleum (BP.US) rising more than 2%, while ConocoPhillips (COP.US), ExxonMobil (XOM.US), and Chevron (CVX.US) rose more than 1%.

According to the news, as the world's largest exporter of crude oil, Saudi Arabia shut down its east-west oil pipeline due to an attack last week. At the same time, Saudi Arabia is also facing challenges caused by attacks by the Houthis in Yemen in the Red Sea and continued disruptions in shipping in the Strait of Hormuz. Multiple transportation channels were disrupted at the same time, putting pressure on Saudi crude oil's export capacity, and the pace of arrival of European customers was directly affected. According to OPEC data, Saudi crude oil production plummeted from 1.9 million b/d to 6.24 million b/d in August, down about 23% from July.

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