US energy chief says Saudi Arabia oil pipeline should be back within days
WASHINGTON: Crude oil should be flowing through Saudi Arabia’s vital East-West pipeline within days, U.S. Energy Secretary Chris Wright told CNBC on Tuesday, after the kingdom was forced to temporarily close it following attacks by Houthis. “It’s still a detailed assessment, but I think it will be measured in days,” Wright said on the sidelines of a G20 energy meeting in Houston. He said Saudi…
U.S. Energy Secretary Chris Wright indicates that Saudi Arabia's crucial East-West oil pipeline will resume functioning within days, following an attack by Houthis. The pipeline, spanning 1,200 kilometers, has been closed temporarily due to the assault. Wright, speaking at a G20 energy meeting in Houston, stated that the pipeline will be operational in "measured days," though a detailed assessment is ongoing.
Saudi Arabia is collaborating with the U.S. military to transfer more oil from the Strait of Hormuz. The pipeline has been transporting 4 million to 5 million barrels daily, equivalent to 4% to 5% of global oil supply, mitigating the impact of the disruption on Saudi Arabia. Washington has not supported Saudi Arabia's request for direct military involvement, except for providing intelligence assistance.
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