Oil Falls as Saudi Reroutes Exports Through Hormuz After Pipeline Attack
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A possible attack on the East-West Pipeline, which is used to transport and export around 4–5 million barrels of Saudi oil per day to avoid passing through the Strait of Hormuz, amid reports of a possible fire at the Khurais ..
A possible attack on the East-West Pipeline, which is used to transport and export around 4–5 million barrels of Saudi oil per day to avoid passing through the Strait of Hormuz, amid reports of a possible fire at the Khurais oil field, about 150...
The Saudi East-West oil pipeline is now pumping oil in a normal way. Bloomberg News reported on Monday in the wake of earlier media reports from AFP that the oil pipeline has been attacked again and that the flow of oil is supposed to have stopped.
Oil Falls as Saudi Reroutes Exports Through Hormuz After Pipeline Attack
Oil prices eased after reports that Saudi Aramco has increased flows through the Strait of Hormuz to compensate for damage to the kingdom’s East–West pipeline, even as analysts warn repair work and regional threats keep supply risks elevated.
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