Oil prices fall
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Saudi pipeline attack risks ‘disastrous’ loss of oil
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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.
13hon MSN
Oil prices fall as Saudi Arabia reportedly offers more crude via Hormuz after pipeline attack
Oil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.
Al Jazeera on MSN
From Yanbu to Sohar: Tracking Saudi Arabia’s alternative oil routes
The world’s second-largest crude exporter is rerouting crude via dark shipments and ship-to-ship transfers off Oman.
The war with Iran has plunged the world into an energy crisis. That crisis could be aggravated by the closure of a Saudi Arabian oil pipeline after an attack.
Oil prices fell sharply in early Thursday trading as Saudi Arabia’s move to offer additional crude shipments through Oman eased some of the market’s fears over worsening Middle East supply disruptions.
Oil declined for the second consecutive day as the prospect of lost Saudi Arabian volumes returning to the global market pushed prices lower in morning trade.