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LBCI Lebanon
Saudi Arabia restarts Yanbu oil loading
Saudi Arabia has resumed oil loading operations at the Yanbu port on the Red Sea after a drone attack on the east-west pipeline, which halted oil exports from the port on September 11. Commercial sources reported that Aramco informed its clients about the shipping schedules for October, following the pipeline's restart last Tuesday, leading to improved export outlooks. Oil prices also increased after some shipments were canceled and loading was suspended, with US crude futures expanding by $5 per barrel.
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