SAUDI OIL PIPELINE COULD RESTART WITHIN DAYS Saudi Arabia’s critical East-West Pipeline could resume crude flows within days, according to…
SAUDI OIL PIPELINE COULD RESTART WITHIN DAYS
Saudi Arabia’s critical East-West Pipeline could resume crude flows within days, according to U.S. Energy Secretary Chris Wright.
The pipeline had been moving 4–5 million barrels per day, roughly 4–5% of global supply, before attacks forced its shutdown.
Market angle: a rapid restart could ease supply fears and remove some of the geopolitical risk premium supporting oil prices.