Saudi Arabia restarts East-West pipeline for crude exports
Saudi Arabia, Opec’s biggest producer, has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday. The pipeline was pumping at a low rate, Reuters reported, citing sources. Drone attacks forced Saudi Arabia to shut its East-West Pipeline on September 13, halting crude loadings at the kingdom's Yanbu port. The development comes even…
Saudi Arabia has announced the restart of its East-West Pipeline, which was shut down following drone attacks on September 13. The pipeline, which was previously halted, could now resume exports from the Red Sea port of Yanbu later on Tuesday. This move comes as Saudi Arabia shifts its oil exports back towards the Strait of Hormuz, with the kingdom loading seven super tankers carrying a total of 14 million barrels of oil over the weekend.
The decision to restart the pipeline has contributed to a drop in oil prices, with Brent crude settling around $100 per barrel for the first time in recent weeks, while West Texas Intermediate also experienced a decline in price.
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Also reported by 1 other outlet
- Saudi Arabia restarts East-West pipeline for crude exports thenationalnews.com
