Oil Prices Rise as Attack on Saudi East–West Pipeline Threatens Exports

El Debate

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The closure of the East-West pipeline by drone attacks by Yemeni rebels has left the crown prince in a position of weakness

Confidencial Digital

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The decline in crude oil occurred after it became clear that Saudi Arabia would be able to reactivate the East-West pipeline sooner than planned, affected by drone attacks. According to information from Reuters and EFE, Riyadh also offered additional cargo through Oman, a combination that temporarily reduced the fear of a more severe disruption of supply in the Middle East. The movement mainly affects the energy market, oil-dependent companies a…

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New satellite images show the traces of a drone attack on Saudi Arabia's most important oil pipeline – despite visible protective measures. The economy from above is a cooperation with LiveEO.