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Saudi East-West Pipeline Attacked in Medina Region Without Disrupting Crude Flows

Saudi Arabia's East-West pipeline was attacked in the Medina region, causing a limited fire that was quickly extinguished without casualties or crude flow disruptions. The pipeline serves as a critical conduit bypassing the Strait of Hormuz to Red Sea export terminals. The incident follows an unclaimed attack after a Houthi drone strike damaged a Saudi Aramco building in Riyadh a day earlier. Meanwhile, October survey data showed OPEC output rebounded by 1.38 million barrels per day to 22.87 million bpd, driven by Saudi Arabia ramping up to 9.2 million bpd.

Category

UK Brent Oil

Sentiment

Mixed

Event

Geopolitics supply

Reading time

1 min