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Saudi Arabia boosts oil output via East-West pipeline
Saudi Arabia has increased oil flows through the East-West pipeline to approximately 6 million barrels per day, which is over 80% of its operational capacity of 7 million barrels, following a temporary halt last month due to being hit by projectiles from Iraq. These flows enable the export of around 4.5 million barrels per day from the western coast, after accounting for quantities sent to refineries, helping to restore production levels to those before the stoppage, despite oil prices declining this week to below $100 per barrel.
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