Saudi Arabia restarts East-West Pipeline and may resume Yanbu exports
Saudi Arabia has restarted flows on its East-West Pipeline and could resume crude loadings from the Red Sea port of Yanbu as soon as Tuesday, three sources said, helping drive a more than $2 drop in Brent to about $97 a barrel. The pipeline had been shut after drone attacks on Sept. 11 that damaged three of 11 pumping stations; Aramco restarted pumping at a low rate and aims to restore around 4 million barrels per day it had been rerouting around the Strait of Hormuz. Sources said 40% capacity could take days and a full restart six to eight weeks, and one cargo to China was scheduled to load.
Pipeline restart began but full capacity will take six to eight weeks
Context
Drone attacks on Sept. 11 forced the pipeline to shut. Saudi Arabia was using the pipeline to bypass disruption through the Strait of Hormuz. Repair work could take days for partial flow and six to eight weeks for a full restart.
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