Saudi Arabia Reportedly Resumes Oil Flows Through Key Pipeline After Getting Hit
Shipments through the line resumed after more than two weeks, as Saudi Arabia’s exports climbed 80% in September, Kpler said.
- Saudi Aramco resumed oil shipments through the East-West pipeline on Monday after a two-week shutdown caused by drone strikes, Bloomberg reported.
- Drone strikes damaged a pumping station earlier this month, forcing a temporary export halt and prompting Riyadh to initiate rapid repairs and pressure testing.
- Intelligence firm Kpler reported that Riyadh is now exporting six million barrels per day, with shipments climbing 80% in September compared to August, while the pipeline transports about 4% of global oil supplies.
- Oil prices rose on Monday after President Donald Trump rejected Iran's ceasefire conditions to reopen the Strait of Hormuz; Brent crude gained 2.26% and West Texas Intermediate climbed 2.37%.
- Iranian Foreign Minister Abbas Araghchi stated the country is ready for a "doomsday" war but officials won't "miss any chance for peace," underscoring volatile geopolitical tensions.
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93 Articles
Growth in total exports has already contributed to lower oil prices, particularly on Friday, Brent's oil price in London was under $100 per barrel.
The Red Sea, Not Hormuz, Now Decides Saudi Arabia's Foreign Policy
A Pipeline Back On, and Nowhere to Go On 22 September, Saudi Aramco began pumping crude again through the East-West pipeline, the 1,200-kilometre line that carries oil from the Gulf coast to the Red Sea port of Yanbu. Brent slipped below $100 on the news. Markets treated it as relief. It was not. The pipeline […]
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naturalnews.comSaudi Arabia Restarts East-West Pipeline, Bypassing Strait of Hormuz
Saudi Arabia has resumed oil exports through its East-West pipeline, restoring access to Red Sea loading facilities that bypass the Strait of Hormuz, according to a Bloomberg report cited by ZeroHedge [1]. The restart coincides with Kpler data from late last week showing that Hormuz oil flows have recovered to about two-thirds of prewar levels, suggesting a partial recovery in Gulf energy flows and an erosion of Tehran's leverage, the report sta…
After the resumption of operation of the East-West pipeline, Saudi Arabia has resumed the oil shipments from its port of Yanbu on the Red Sea.
Although the scenario remains uncertain in the Middle East, future oil contracts have fallen sharply this Tuesday (29), with the return of operations of the East-West pipeline in Saudi Arabia, which had been paralyzed by houthis attacks. The route has been used to bypass the blockade in the Strait of Ormuz and the resumption of exports contributes to alleviate part of the investor's concern with the supply of energy. In the closing, Brent type o…
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