Saudi Oil Pipeline Nears Restart as Houthi Tensions Rise
5 Articles
5 Articles
The price of oil in global markets is falling, although it is still above $100 a barrel. Investors are reacting to announcements of the resumption of operation of the Saudi East-West pipeline.
Oil prices continued to fall on Thursday, September 17, as concerns about supply disruptions following the attacks eased...
The world market price of crude oil continues to decline for the second day in a row. North Sea oil – which fell 2.7 percent on Wednesday – is down 0.7 percent to around $105 per barrel. Gas prices in Europe are following suit, down 1.4 percent to around €77 per megawatt hour. The market is pleased with the announcement from Saudi Arabia that the important oil pipeline through the country could start operating again within a few days and be full…
Economy - Saudi Arabia's plan to restart the oil pipeline targeted by drone strikes, and a limited drop in US inventories, pushed Brent oil prices to $105 globally.
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