EnergyHighConfirmedAccelerating
9.6
Oil Surges Past $108 as Middle East Conflict Threatens Supply
Valor Econômico·SA · LY·3 days ago
Saudi Arabia has resumed crude oil shipments to Asian refineries, easing supply concerns and pushing Brent and WTI futures lower. The move signals a partial restoration of supply flows, though Middle East risks to production and exports persist. The resumption follows the closure of the East-West pipeline, the status of which remains uncertain.
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Saudi Arabia has resumed crude oil shipments to Asian refineries, partially easing supply concerns. Concurrently, a pipeline shutdown is reportedly causing delays in Saudi crude deliveries to Europe until November, though Riyadh has not commented on the scale or duration of this disruption.