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Saudi boosts oil exports via East-West pipeline
Saudi Arabia has increased oil flows through the East-West pipeline to more than 80% of its operational capacity, with exported quantities reaching around 4.5 million barrels per day. This was achieved by Aramco pumping approximately 6 million barrels daily out of a total capacity of 7 million barrels, after previously operating at half capacity. The pipeline is vital for Saudi oil exports via the Red Sea, and this surge has heightened regional tensions, leading to a decline in oil prices below $100 per barrel amid fears of escalating military operations in the Middle East.
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