Saudi Yanbu oil exports resume
Saudi Arabia has resumed loading oil from the Yanbu port after the reopening of the East-West pipeline, which had been shut down since September 11 due to drone attacks, resulting in a reduction of oil exports. Currently, the amount of oil loaded from Yanbu has reached around two million barrels per day since last week, and it is expected to reach between 3 and 4 million barrels per day in the coming days, after having peaked at approximately 5.5 million barrels daily before the attack. This reflects an increase in oil exports from the Middle East, with rising inventories and expectations of returning to full normal rates within the month.
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