Commodities
Yanbu Oil Loadings Resume After Saudi Pipeline Restart
Saudi Arabia has resumed oil loadings from its Red Sea port of Yanbu after restarting operations on the East-West pipeline, according to trade sources and shipping data.
The pipeline was shut down due to drone attacks on September 11, halting crude exports from Yanbu. Operations resumed last Tuesday.
State oil giant Saudi Aramco notified customers of its October loading schedule from Yanbu on Monday evening, an Asian refining source said.
Two trade sources separately estimated crude loadings from Yanbu at about 2 million barrels per day since last week.