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Saudi Arabia boosts oil flow to 6M bpd
Saudi Arabia has increased oil flows through the East-West pipeline to approximately 6 million barrels per day, surpassing 80% of its operational capacity of 7 million barrels, after it was halted due to being hit by projectiles from Iraq the previous month. This increase enables the export of about 4.5 million barrels per day from the western coast, helping to bring export levels closer to pre-war figures, despite oil prices dropping below $100 per barrel. The resumption of oil pumping through the pipeline came after days of suspension, with Saudi Arabia utilizing the Strait of Hormuz as an alternative route to offset the reduced flows, while continuing to export oil through the Yanbu port on the Red Sea.
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