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Energy Secretary Chris Wright told CNBC that the crude oil pipeline outage in Saudi Arabia "will be measured in days." But satellite imagery appears to show extensive damage to one of the pipeline's ...
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Prolonged restrictions on exports could push oil prices even higher. By Lisa Friedman Lisa Friedman is the energy correspondent in London. As Iran and its allies tightened their grip on shipping lanes ...
Saudi Arabia is running out of places to turn. The Strait of Hormuz, through which Saudi oil exports have traditionally passed, has been largely closed to shipping for months. The kingdom’s East-West ...
South Korea appears the most directly exposed to the pipeline's shutdown, with Saudi crude accounting for 34.1% of its crude imports in July. A significant volume of Asia-bound crude previously ...
Yet another contingency plan for the global oil market – buffeted by more than six months of war between the United States and Iran – has come under serious threat. On Friday, Saudi Arabia announced ...
Sept 17 - Three pumping stations serving the vital East-West Pipeline in Saudi Arabia were damaged ‌in an attack last week — one more than assessed previously — with a repair timeline unclear, ...
Satellite imagery shows a key oil pipeline in Saudi Arabia has been badly damaged after a strike last week, which experts have told BBC Verify could take more than a month to repair and force oil ...
LONDON, Sept 13 (Reuters) - Saudi Arabia will run out of oil stocks for exports if it ‌doesn't restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, ...
Saudi Arabia has restarted its East-West oil pipeline, restoring at least some flow through the 4-million-barrel-per-day route that had become the kingdom’s main escape hatch around the Strait of ...