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Saudi Arabia boosts oil flow via East-West pipeline
Saudi Arabia has increased oil flows through the East-West pipeline to more than 80% of its capacity, with exported quantities from the Red Sea coast reaching their highest levels since the start of the war after reducing domestic supplies to the refineries. Saudi Aramco is pumping about 6 million barrels per day through the pipeline, including around 4.5 million barrels for export, following a sudden surge in supplies that were operating at about half capacity at the beginning of the week. This move is part of its strategy to ensure the continuity of oil exports amid tensions with Iran. The pipeline was damaged last month due to a bombing by Iraq, which led to increased shipments through the Strait of Hormuz, contributing to a rise in total Middle Eastern oil exports and causing oil prices to fall below $100 a barrel. These developments come amid the risks of escalating conflict in the region and the deployment of American forces.
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