Saudi Arabia Restores East-West Oil Pipeline to Full 7 Million Barrel Capacity
Saudi Arabia restored full pumping capacity on its East-West oil pipeline to 7 million barrels per day on Sunday. The pipeline had been damaged in Iranian attacks just days after a ceasefire agreement.
Saudi Arabia announced Sunday that its critical East-West oil pipeline is back to full capacity after Iranian attacks knocked out about 700,000 barrels per day of pumping power.
The pipeline normally moves 7 million barrels of oil daily from Saudi's eastern oil fields to ports on the Red Sea coast. Saudi Aramco uses about 2 million barrels per day domestically, while roughly 5 million barrels go to export markets.
Iran struck the pipeline just hours after a ceasefire took effect, according to sources. The attack was part of broader strikes on Saudi energy facilities that the kingdom assessed for damage over several days.
The East-West pipeline serves as a crucial backup route for Saudi oil exports, allowing the kingdom to bypass the narrow Strait of Hormuz if needed. Any disruption to Saudi oil infrastructure can ripple through global energy markets.
This pipeline carries about 5 million barrels of oil daily to global markets. Disruptions to Saudi oil supply can drive up gas prices and energy costs worldwide since Saudi Arabia is one of the world's largest oil producers.
Watch for oil price reactions and any additional security measures around Saudi energy infrastructure.
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