Satellite Data Shows Increase in Saudi Gulf Oil Flows
Hyperdash NewsCommoditiesSatellite imagery indicates an increase in Saudi Arabia's crude oil flows from its Gulf terminals. This suggests a potential rise in oil supply, which could lead to downward pressure on crude oil prices.
This development follows the shutdown of Saudi Arabia's East-West pipeline, which transports crude to its Red Sea coast. The pipeline's closure, due to an attack, prompted Saudi Arabia to seek alternative export routes. 
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