Saudi Arabia restarts East-West oil pipeline, to resume exports from Yanbu, sources say
SINGAPORE/NEW DELHI, Sept 22 (Reuters) - 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. The pipeline was pumping at a low rate, two of them said. State energy firm Saudi Aramco did not immediately respond to a request for comment. Drone attacks forced Saudi Arabia…
Saudi Arabia has restarted operations at its East-West Pipeline, according to sources. The pipeline was pumping at a low rate and the country could resume exports from the Red Sea port of Yanbu.
Drone attacks had forced Saudi Arabia to shut its East-West Pipeline on September 13, halting crude loadings at Yanbu port. Despite this, Saudi Arabia has been ramping up oil exports through the Strait of Hormuz.
According to a market strategist, Opec’s biggest producer loaded seven super tankers with a capacity to carry 14 million barrels of oil from its export terminals inside the Gulf over the weekend. Brent crude was trading at $97.81 a barrel and West Texas Intermediate at $89.5 per barrel on Tuesday.
Brief written by urgent.news from Al-Monitor, The National UAE, Middle East Eye, Starr FM, Ajel English — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
