Saudi pipeline closure is a brief interruption that will last days, U.S. Energy Secretary tells CNBC
The Saudis closed the East-West pipeline after it sustained damage in a drone attack launched from Iraq.
The Saudis closed the East-West pipeline after it sustained damage in a drone attack launched from Iraq.
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The Saudis closed the East-West pipeline after it sustained damage in a drone attack launched from Iraq.
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Experts tell BBC Verify the pipeline's closure could cut oil supplies by as much as 3.6 million barrels per day.
Analysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.
Will Russia and Ukraine halt attacks on energy infrastructure? Grouped from 12 articles across 9 sources.
Iran-backed Houthi militants in Yemen, meanwhile, carried out renewed strikes on Saudi Arabia this week. Grouped from 7 articles across 5 sources.
The Danish drugmaker called the changes the beginning of a new chapter for the company, which faces stiff competition from Eli Lilly.
The pipeline disruption comes as Gulf oil exports have already fallen sharply and shipping routes face further threats. With no restart date announced, the impact on deliveries to Europe and Asia depends on how long…