Saudi signals restart of pivotal East-West pipeline to resume Red Sea exports
TL;DR
Saudi Arabia signalled a restart of the East-West pipeline, aiming to resume crude exports from the Red Sea coast after a two-week shutdown caused by drone strikes. The 1,200km line has about 7 million barrels per day of capacity, and the actual export impact depends on how much flow is restored; markets briefly dipped as Brent crude fell before rebounding, with European loadings and rerouted shipments noted as the pipeline outage shifted Saudi oil geography.
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- Oil little changed after Trump tells UN that Iran will make a deal after midterm elections CNBC
- Saudi Arabia restarts East-West oil pipeline, sources say Reuters
- Global Oil Price Drops Below $100 a Barrel The New York Times
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