Saudi Pipeline Closure Sparks Confusion Among Asian Oil Refiners
Asian oil refiners are waiting for updates on cargoes due to be picked up at Saudi Arabia's Red Sea port of Yanbu after a pipeline closure. The East-West pipeline was shut down following drone attacks, and marketing executives have not yet responded to inquiries about the extent of damage.
The lack of communication has left at least four processors without clarity on their operation status, according to traders involved in the discussions. They are asking not to be named due to the sensitivity of the matter.