Saudi Arabia Aims for Partial Pipeline Restart Amid Ongoing Disruptions

WTI Oil prices pulled back below $100 on Wednesday as Saudi Arabia intensified efforts to restore oil flows through its East-West pipeline, damaged by a drone attack last week.

The pipeline's partial restart eases some supply concerns in the market, already strained by disruptions across the Middle East. Bloomberg reported that Saudi Aramco is working to bypass the damaged section and bring about half of the pipeline's capacity back online within days.

The company aims to restore full operations in around six weeks. This development follows an earlier Reuters report that Saudi Arabia is increasing crude shipments to Asian refiners through ship-to-ship transfers near Oman's Sohar port.