Market News / Story
Saudi East-West pipeline flowing at 5.8M bbl/day as Middle East oil exports recover
Seeking Alpha ·
Seeking Alpha reports: Saudi Arabia is pumping 5.8M bbl/day—more than 80% of capacity—through its key East-West oil pipeline, Energy Minister Prince Abdulaziz bin Salman said Tuesday, in a fresh sign of recovering export capacity out of the Middle East. The 750-mile pipeline, which has a capacity of ~7M bbl/day, was forced to shut down on September 11 after drone attacks and halted crude loadings at the Red Sea port of Yanbu, but it restarted operations within 5-6 days of the attacks, the…