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Saudi energy system stability eases markets
Saudi Aramco is working to restore partial operation of the East-West Pipeline, one of the most important infrastructure projects for transporting oil from eastern Saudi Arabia to the Red Sea port of Yanbu. This step comes as part of efforts to enhance the resilience of Saudi oil exports following recent disruptions to the pipeline, which have helped calm the oil markets and caused a 1.9% drop in Brent crude prices. Expectations of a partial return to operation have reduced fears regarding supply concerns. The pipeline has an operational capacity of up to 7 million barrels per day and is a key element to ensure the continued export of oil away from maritime routes, while also strengthening reliance on local capabilities and the national supply chain to support rapid response to disruptions.
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