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Bloomberg: Saudi to ship 100M barrels to Asia
Bloomberg reported that Saudi Arabia is set to export approximately 100 million barrels of oil to Asia since mid-week, to help alleviate the looming supply shortages in the Gulf region. These shipments come amid the disruption of the East-West pipeline that connects the Gulf to Fahi, following an attack in September, which forced Saudi Arabia to increase its exports via the Strait of Hormuz. This oil is to be delivered to buyers from China, India, Japan, and South Korea, with Saudi oil flows to Asia more than doubling. This is a significant step to ensure the stability of energy supplies in the region.
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