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Saudi Arabia resumes Yanbu oil loading after pipeline restart
SINGAPORE: Saudi Arabia has resumed oil tanker loadings from its Red Sea port of Yanbu after restarting operations on the East-West Pipeline, according to trade sources and shipping data, improving the outlook for oil exports from the Middle East. The resumption of Yanbu loadings, halted earlier this month after a drone attack on the pipeline, weighed on global oil prices on Monday as it added to signs of increased flows from the Middle East, from which the US war with Iran has throttled oil shipments. State oil giant Saudi Aramco notified customers on Monday evening of its October loading sch...
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