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East West Pipeline

All articles tagged with #east west pipeline

energy21 days ago•1 min saved

Saudi Arabia Prepares to Restart East-West Pipeline as Oil Prices Dip

Saudi Arabia is preparing to resume operations on its critical East-West pipeline, which has been shut for two weeks following drone strikes. The potential restart sent Brent crude prices down nearly 3% to $97.43, though they rebounded to $99.64. The pipeline, which transports crude to the Red Sea port of Yanbu, was damaged by attacks that also injured personnel. While Saudi Aramco has not confirmed the timeline, sources suggest flows could resume by the end of the week. This development coincides with diplomatic efforts involving Iran, China, and the US to end the regional conflict.

via ft.com|

#brent-crude #east-west-pipeline #energy

energy25 days ago•89 min saved

Aramco Halts October Crude Shipments to Europe After Pipeline Damage

Saudi Aramco has suspended crude oil deliveries to European refiners for October following a drone attack on its critical East-West pipeline. The 1,200-km pipeline, which transports 4-5 million barrels daily, suffered damage to three pumping stations. This halt affects all European buyers under term contracts, forcing them to seek alternative supplies. The disruption represents a significant portion of global oil supply, exacerbating concerns amid ongoing regional conflicts.

via Investing.com|

#crude-oil #east-west-pipeline #energy

world1 month ago•1 min saved

Saudi East-West Pipeline Shut After Attacks, Raising Oil Security Stakes

Saudi Arabia shut down its crucial East-West crude oil pipeline as a precaution after attacks in Riyadh and Madinah, injuring several people and prompting emergency response. The Energy Ministry offered no blame attribution, though Iran-aligned Houthi militants have escalated strikes in the region, heightening concerns about oil exports routed through the Red Sea to bypass the Strait of Hormuz.

via CNBC|

#east-west-pipeline #energy-security #houthis

business5 months ago•2 min saved

Aramco profits surge as east-west pipeline cushions Gulf disruption

Saudi Aramco posted a 26% rise in Q1 net profit to $33.6 billion on revenue of $115.5 billion, aided by its east–west pipeline that can move up to 7 million barrels per day and bypass disruptions through the Strait of Hormuz. The conflict has kept oil prices elevated near $100 a barrel, while Aramco maintained a quarterly dividend of $21.9 billion. Company CEO Amin Nasser warned that even if Hormuz reopens, it could take months for markets to rebalance, with a risk of longer disruption potentially pushing normalization to 2027.

via The Guardian|

#aramco #business #east-west-pipeline

business6 months ago•2 min saved

Saudi East-West Pipeline Bounces Back to 7 Million Bpd After Attacks

Saudi Arabia says its East-West oil pipeline has been returned to full capacity, pumping about 7 million barrels per day after attacks tied to the US-Israel war on Iran; Manifa is back to 300,000 bpd, while Khurais remains down by 300,000 bpd. The ministry credits Aramco and the energy sector’s resilience, amid broader disruption to Strait of Hormuz shipping and ongoing US-Iran tensions.

via Al Jazeera|

#aramco #business #east-west-pipeline

business7 months ago•4 min saved

Saudi-UAE Pipelines Offer Partial Bypass of Hormuz Amid Gulf Crisis

Saudi Arabia’s East-West pipeline (about 7 million barrels per day) and the UAE’s ADCOP (around 1.5–1.8 million bpd) bypass the Strait of Hormuz and can partially offset the roughly 20 million bpd that typically transits Hormuz, but actual relief depends on utilization and security risks; ongoing Iran war and incidents at facilities like Ruwais could cap throughput and keep oil prices volatile.

via CNBC|

#adcop-habshan-fujairah #business #east-west-pipeline

world7 months ago•6 min saved

Saudi East-West Pipeline Goes Live to Bypass Hormuz

Saudi Aramco is ramping up crude flows through the 750-mile East-West pipeline from Abqaiq on the Gulf to Yanbu on the Red Sea, aiming for seven million barrels per day to bypass the Strait of Hormuz as tensions with Iran threaten market access; the pipeline helps mitigate supply gaps but is not a fail-safe due to Yanbu's export capacity and ongoing security risks, with global prices fluctuating on the conflict's length and potential disruptions.

via Middle East Eye|

#east-west-pipeline #energy-security #hormuz-strait