Saudi Arabia restarts East-West oil pipeline, sources say
SINGAPORE/NEW DELHI — Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three sources briefed on the matter said, as signs mounted of an increase in Middle Eastern oil flows. The resumption of supplies on Tuesday helped to drive selling on global oil markets. Global oil benchmark Brent crude fell by more than…
Saudi Arabia has resumed operations at its East-West Pipeline, potentially allowing exports from the Red Sea port of Yanbu on Tuesday, according to three briefed sources. The pipeline restart contributed to a decline in global oil prices, with benchmark Brent crude dropping more than $2 per barrel to $97, its lowest level since September 8.
The shutdown in September 11, blamed on Iraqi militia drone attacks, halted crude loadings at Yanbu. Before the war on Iran disrupted oil flows from Saudi Arabia and its Gulf neighbors through the Strait of Hormuz, Riyadh used the pipeline to reroute about 4 million barrels per day, or 4% of global supply, to Yanbu. State oil company Saudi Aramco has not yet commented on the resumption.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Saudi Arabia launches national electric vehicle anba.com.br
- Saudi Arabia restarts East-West oil pipeline, sources say finance.yahoo.com
- Saudi Arabia restarts East-West oil pipeline, sources say brecorder.com
- Saudi Arabia restarts East-West oil pipeline, sources say koreatimes.co.kr
- Saudi Arabia warns employers over illegal workers as fines hit $26,700 and jail terms apply arabianbusiness.com
