Saudi East-West pipeline expected to restart within days after attacks, Energy Secretary says

  • Energy Secretary Chris Wright said Saudi Arabia's East-West Pipeline should restart within days.
  • Kpler estimated Petroline could run near 50% capacity for up to six weeks.
  • Saudi Arabia rerouted some crude exports through the Strait of Hormuz with U.S. military support.

Saudi Arabia's East-West crude pipeline is expected to resume operations within days after Iran-backed proxy groups struck the route, Energy Secretary Chris Wright said, describing the closure as a brief and temporary interruption. The outage has suspended Yanbu loadings and forced Saudi Arabia to reroute some exports through the Strait of Hormuz with U.S. military support. Kpler estimates Petroline could operate at about 50% of normal capacity for up to six weeks, reducing Yanbu exports by 2.5 million to 2.7 million barrels a day, although roughly 3 million barrels a day could be redirected through Ras Tanura. Brent crude futures for November were down 0.59% at $108.10 a barrel and October WTI futures fell 0.88% to $104.89. The disruption has heightened risks for tanker traffic and Dubai oil differentials as Saudi exports become more exposed to Hormuz.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.