Saudi Arabia boosts Gulf oil exports after pipeline attack, data shows

deccanherald.com

Saudi Arabia increased Gulf crude oil exports via Ras Tanura after drone attacks shut its East-West Pipeline, with data showing seven supertankers loaded about 14 million barrels on Sunday, helping push Brent prices below $100 a barrel for the first time since September 9. The loadings, tracked by TankerTrackers.com and confirmed by satellite images, signal a partial recovery in Saudi shipments. Gulf loadings averaged about 3.7 million barrels per day since September 12, up from 2.9 million earlier in the month, according to Vortexa. The September 13 attack halted loadings at Yanbu on the Red Sea, prompting Aramco to cancel some European sales and boost Asian deliveries. Saudi Arabia also sold about 60 million barrels from Ras Tanura for ship-to-ship transfer at Oman's Sohar port this month and next.


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