Asian refiners assess impact of Saudi pipeline shutdown
pre-market1 source ↓written by the desknot a recommendation
- of crude oil
- 4 million barrels per day
Asian refiners are uncertain about the effects of the shutdown of the East-West oil pipeline, which transports 4 million barrels per day of crude oil to the Red Sea port of Yanbu. This precautionary measure follows drone attacks from Iraq, raising concerns over oil loadings. The pipeline is crucial for bypassing the Strait of Hormuz, making its closure significant for global oil supply.
Not investment advice. For informational purposes only.