Strategic Site 26.00, 50.00

East-West Pipeline

Latest coverage

Economy

Bloomberg: Saudi Arabia is working to bring back about half the capacity of its East-West oil pipeline within days, bypassing a section damaged in drone attacks last week. Saudi Aramco is aiming for a full return to capacity in roughly six weeks. The line has become a key alternative to the disrupted Strait of Hormuz.

Economy

Saudi Arabia's key East-West Pipeline could remain mostly offline for three to five weeks after Friday's drone strikes, AP reports. It may run at reduced capacity, though officials could not say how much oil would flow.

Up to 4% of global supply is at risk. Buyers and traders say the kingdom could run out of exportable stocks unless the damaged pumping station restarts within days. Satellite photos released Sunday show it charred and badly damaged.