Saudi Energy Minister: 5.8M barrels via East-West pipeline
Oil flow through the Saudi East-West pipeline has stopped at 5.8 million barrels until this morning, as energy flows from the Middle East improve, reaching over 80% of their pre-war levels. Saudi Aramco reaffirmed its ability to reach its sustainable production capacity of 12 million barrels per day within days, noting that without the East-West Pipeline, Brent prices would have risen to $200 per barrel. Industry experts added that market reserves are dwindling due to the ongoing US-Israeli-Iranian conflict, with the energy system becoming increasingly fragile and oil prices gradually rising.
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