Tag: saudi arabia
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Satellite images show extent of damage to Saudi Arabia’s oil pipeline that bypasses Strait of Hormuz
Saudi Arabia temporarily shut the roughly 750-mile pipeline as attacks threaten a key alternative to the Strait of Hormuz.
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CNBC Daily Open: Peace talks amid pipeline shocks
Statements from the BRICS summit over the weekend had a common thread: Nations want peace in the Middle East.
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Houthis’ Yemen advance leaves Gulf states with uncomfortable choice
“The Houthi capture of strategic islands near Bab el-Mandeb is a game changer,” says an analyst, adding that it gives the rebels “far greater geopolitical and geoeconomic leverage over Saudi Arabia, the Gulf, the United States and global trade”.
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Oil prices rise after Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz
Saudi Arabia has faced escalating attacks from Iran-allied militant groups in recent days.
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Saudi pipeline outage threatens loss of 4% of global oil supply
Saudi Arabia’s East-West pipeline, which has been used to reroute around 4 million barrels per day to the port of Yanbu on the Red Sea, was shut on Friday following drone attacks.
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Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping
The world’s largest crude oil exporter said it temporarily closed the pipeline as a precaution after a drone attack originating from Iraq, where Iran-backed militants operate.
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Saudi Arabia shuts down pipeline as Houthis seize island, opening new front in Iran war
Saudi Arabia shut down the East-West pipeline after it was attacked by drones, calling it “a precautionary measure”.
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Saudi Arabia shuts key oil pipeline after drone attack launched from Iraq
The East-West pipeline has helped the country – the world’s largest crude oil exporter – bypass closures in the Strait of Hormuz.
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Saudi Arabia shut down East-West crude oil pipeline after multiple attacks
Iran-allied Houthi militants in Yemen have escalated strikes on Saudi Arabia this week.
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IEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market
The energy agency warned shrinking inventories and strained refineries could further tighten markets.
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