Bloomberg reported on Monday, citing sources, that Saudi Arabia’s key East-West Pipeline was flowing as normal, despite an earlier report that it had closed again following a new attack.
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Crude oil prices fell in early trading, though Brent remained above $100, after a report from Kpler revealed that flows out of the Strait of Hormuz are now above pre-war levels. The same firm made headlines last week after saying tanker traffic via Hormuz was close to pre-war levels, despite Houthi …
Gulf crude exports returned to pre-war levels in September, with producers increasingly relying on alternative routes and ship-to-ship transfers to bypass Hormuz. Iranian exports remain below the pre-war average.
Bloomberg reported on Monday, citing sources, that Saudi Arabia’s key East-West Pipeline was flowing as normal, despite an earlier report that it had closed again following a new attack.
Mideast oil exports surpass prewar levels despite pipeline, ship attacks | Since Then
