Saudi East-West Pipeline Reaches Partial Restart After Hormuz Oil Swing
Saudi Arabia's East-West Pipeline has partially restarted, with flows expected to increase crude loadings at Yanbu. The pipeline carries 7 million barrels per day of oil. According to satellite imagery reviewed by Energy Intelligence, no vessels were loading at the terminal on Tuesday, despite at least 12 waiting in ballast nearby.
The East-West Pipeline's restart comes after a significant Hormuz oil swing, which had impacted global oil markets. The exact timing and impact of this development are unclear.