Saudi Arabia to restart East-West oil flow

Oil loading operations at the Yanbu port in Saudi Arabia have almost completely ceased following a drone attack on the East-West pipeline, which transports around 4 million barrels per day. This has caused delays in Asian oil shipments, especially for the European customer who was informed by Aramco that no supplies were received in October. Despite Saudi Arabia's efforts to restore half of the pipeline's capacity within days, the operation remains stopped. Saudi oil exports from Ras Tanura have been doubled to approximately 3 million barrels per day to compensate for the disruption, significantly impacting Europe, which has suffered more than Asia from the halt in shipments.

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