Saudi Arabia's East-West Pipeline has resumed exports, with a daily flow of approximately 3.5 million barrels, which is expected to ease market supply concerns.
According to Bloomberg, citing sources familiar with the matter, Saudi Arabia's East-West Pipeline resumed operations on September 28, with crude oil flow currently at approximately 3.5 million barrels per day. The pipeline had been shut down since September 10 after a drone attack, with a total capacity of around 7 million barrels per day. This restart allows Saudi Arabia to regain crucial export capacity bypassing the Strait of Hormuz, which is expected to alleviate supply pressures exacerbated by the previous shutdown.
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