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Saudi Pipeline Closure Confuses Asian Oil Refiners

Bloomberg Markets •
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Asian oil refiners are waiting for clarity on cargoes due to be picked up at Saudi Arabia's Red Sea port of Yanbu after the kingdom was forced to close a vital pipeline that serves the terminal following drone attacks. The East-West pipeline was shut down following drone attacks, and marketing executives have not yet responded to inquiries about the extent of damage. The lack of communication has left at least four processors without clarity on their operation status, according to traders involved in the discussions.

They are asking not to be named due to the sensitivity of the matter.