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Saudi Arabia temporarily closed its key East-West oil pipeline following drone attacks on facilities in Riyadh and Medina. The incident has disrupted a major export route and caused oil prices to surge past $100 per barrel.
The former Iranian Foreign Minister and advisor to Ayatollah Khamenei, Kamal Kharazi, lost his battle to stay alive. He was being treated for serious injuries after the bombing of his home...
Saudi Arabia announced that recent attacks have significantly cut its oil output and disrupted the flow through the East-West Pipeline.
Images and reports confirm that a crucial American E-3 Sentry AWACS aircraft was destroyed, marking the US's first combat loss of such a jet, and soldiers were wounded, along with multiple refuelling aircraft, at Prince Sultan Air Base in Saudi Arabia following an Iranian missile and drone attack, with Iran also reportedly hitting air tankers.
Indian refiners are projected to increase their imports of Russian crude oil to a record 3 million barrels per day, maintaining a crucial supply cushion if Red Sea shipping remains unaffected and leveraging Saudi Arabia's East-West pipeline.
Saudi Arabia's energy ministry announced that its East-West oil pipeline and other energy facilities have been fully restored to operational capacity following recent attacks, ensuring stable global oil supply.
Saudi Arabia has announced that recent attacks have led to a reduction in its oil output and disrupted the flow through its East-West Pipeline.
La plainte s’appuie notamment sur un article du Canard Enchaîné mercredi, qui affirme que ce porte-parole, Sacha Straub-Kahn, a échangé avec plusieurs journalistes pendant l’audition de Rima Hassan…
An Iranian demand for tolls in the Strait of Hormuz is being viewed as a potential step away from the rules-based world order, though some doubt its realism. Meanwhile, rules regarding which countries' ships are allowed passage through the strait have been clarified.
Saudi oil giant Aramco announced a 25% surge in its first-quarter profits, largely due to rerouting exports through its East-West Pipeline to bypass potential disruptions in the Strait of Hormuz. This strategic move allowed the company to increase earnings despite ongoing conflict in the Middle East and warnings of global oil losses.
Ένα από τα πιο κρίσιμα «σωσίβια» της παγκόσμιας αγοράς πετρελαίου δέχθηκε πλήγμα αυτή την εβδομάδα, εντείνοντας τους φόβους για νέα διαταραχή στην προσφορά, την ώρα που ο πόλεμος με το… Αγωγός East –…
Analysts are providing immediate reactions to recent attacks that have significantly cut Saudi oil output and disrupted flows through the East-West Pipeline. The incidents are prompting concerns about global oil supply and market stability.
The US-Iran conflict continues to fuel a global energy shock, with oil prices surging and Asian stocks falling after Trump's vows. The UK is experiencing unprecedented fuel price rises, while Saudi Arabia explores its East-West pipeline as an alternative to the Strait of Hormuz chokehold, all contributing to a broader economic slowdown and inflation.
As the Middle East conflict disrupts global energy supplies, Saudi Arabia has activated its 1,200-kilometer East-West pipeline to maintain oil exports, rerouting crude to the Red Sea port of Yanbu as a pivotal alternative to the Strait of Hormuz.