Oil Extends Drop as Saudi Arabia Moves to Restore Vital Pipeline
21 Articles
21 Articles
According to Bloomberg, Saudi Arabia plans to restore within a few days roughly half of the capacity of the oil pipeline that was hit by the Houthis over the weekend and that connects the eastern and western regions of the..
According to the agency, the plan involves bypassing the damaged section.A full return to normal operation of the pipeline is expected...
The oil prices operate in decline, following the losses of the day before, after the news that Saudi Arabia seeks to resume about half the capacity of the East-West pipeline in the next few days and restore the full operations in six weeks, indicating that the supply interruptions in the Middle East must decrease. At around 8am (from Brasilia), at the Intercontinental Exchange (ICE), the Brent oil for delivery in November fell 2.30%, to US$ 103.…
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.
Brent oil has continued the downward trend started last day and is listed on the 104 dollars, even reaching 101 dollars during the day, with an intraday fall of 1.5%, while attacks between Saudi Arabia and the Houthi rebels in Yemen continue and the Saudi oil pipeline continues closed [...] The entry Oil expands its fall by 1.5% despite new tensions between Saudi Arabia and the Houthis aparece primero en Forbes España.
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
