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Saudi Arabia boosts oil flow to 6 million bpd
Saudi Arabia has increased oil exports through the East-West pipeline to around 6 million barrels per day, surpassing 80% of its operational capacity of 7 million barrels. This rise followed a stoppage of the pipeline last month after it was targeted by projectiles from Iraq, which enabled Saudi Arabia to export approximately 4.5 million barrels daily via the western coast, while also boosting production and avoiding the Strait of Hormuz. This increase has helped restore flow levels to those before the shutdown, despite oil prices declining to below $100 per barrel this week.
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