Saudi East-West Pipeline Moves 5.8 Million Barrels as Red Sea Route Recovers

AI Summary

Saudi Arabia’s East-West pipeline has moved 5.8 million barrels of crude to support exports through the Red Sea as producers work around disrupted Strait of Hormuz routes. The pipeline carries oil across the kingdom to Yanbu, and drone attacks had previously halted the line and crude loadings.

Saudi Arabia’s East-West pipeline had moved 5.8 million barrels of crude as of Tuesday morning, Energy Minister Prince Abdulaziz bin Salman said, adding more oil to the kingdom’s Red Sea export route as Gulf producers continue working around the Strait of Hormuz. The pipeline carries crude across Saudi Arabia to Yanbu on the Red Sea. Riyadh had been moving roughly 4 million barrels per day through the system after the Iran war disrupted normal exports through Hormuz. Drone attacks shut the line in September and halted crude loadings…