Saudi Arabia's East-West Pipeline Reportedly Hit, but Is Said to Be Flowing as Normal; DXY Firmer Into ISM Services - Newsquawk US Market Open
People familiar with the matter said oil is still flowing through the 7 million-barrel-a-day pipeline after an attack report sent prices up 1.2%.
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Mideast oil exports surpass prewar levels despite pipeline, ship attacks
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.
Oil continues flowing through key Saudi export route, Bloomberg reports, after earlier report claimed fresh attack halted operations
Oil flows through the Saudi East-West pipeline have not been interrupted, Reuters reported, citing a source. Earlier, AFP reported that transport via this route was halted following Sunday's attack on a pumping station.
Global energy markets were left in turmoil by conflicting reports about the status of Saudi Arabia's East-West oil pipeline. While initial reports suggested a new attack and disruption at a pumping station in Khurais, Bloomberg has confirmed that crude oil is flowing normally. The strategic pipeline allows oil to be transported bypassing the Strait of Hormuz and has been attacked in the past.
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