Commodities
Aramco Crude Loadings Bounce Back After Pipeline Disruption
Saudi Aramco has increased crude loadings after a pipeline disruption caused by drone attacks.
An estimated 14 million barrels of oil were loaded onto seven very large crude carriers at Ras Tanura port in Saudi Arabia on Sunday, according to TankerTrackers.com data.
The disrupted shipments through the east-west pipeline to the Red Sea have partially recovered with these increased loadings.
This has put pressure on oil prices, pushing the Brent benchmark below $100 per barrel for the first time since September 9.