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Saudi Arabia restarts East-West oil pipeline, sources say
SINGAPORE/NEW DELHI: Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three sources briefed on the matter said. Drone attacks forced Saudi Arabia to shut its East-West Pipeline on September 13, halting crude loadings at the kingdom’s Yanbu port. The resumption of supplies on Tuesday helped to drive selling on global oil markets, traders said. Brent crude futures fell by more than $2 a barrel to its lowest since September 8. Since disruption to oil flows through the Strait of Hormuz following the U.S.-Israe...
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