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Saudi Arabia supplies 800,000 bpd to support Europe's energy
The data confirms that Saudi Arabia is capable of securing global oil supplies despite geopolitical tensions, through a flexible and resilient energy infrastructure and operations. It has successfully rescheduled maritime shipping operations and directed shipments to Europe at a rate between 700,000 and 800,000 barrels per day for November, aiming to cover the deficit caused by disruptions in waterway passages. Additionally, it relied on the East-West pipeline, extending from the Eastern Province to the Yanbu port, with a capacity of up to 7 million barrels per day, to strengthen oil flows and reduce dependency on disturbed maritime routes. These measures have contributed to stabilizing global markets, with investors calmly monitoring risks, and supporting the country's financial performance, as evidenced by maintaining its +A credit rating and a 0.8% increase in the stock market index, alongside a more than 2% rise in Aramco's share price.
Notice: This Is an AI-Generated Summary
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