Key Saudi Pipeline Could Be Slowed for Weeks, Affecting Global Oil Trade
Recent attacks on Saudi Aramco's East-West Pipeline have raised concerns in the oil market about the continued availability of cargoes. The concern appears to be justified: officials familiar with the damage assessment believe that it will take 3-5 weeks for pipeline flow to be fully restored, according to the AP. Given the size of the oil supply in storage sites to seaward of the pipeline damage, Aramco's Red Sea stockpiles could run low and its export loadings could begin to...
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