Saudi Pipeline Attacked as OPEC Output Climbs to 90% of Pre-War Levels

Saudi Arabia’s East-West pipeline, the kingdom’s main route for moving crude around the Strait of Hormuz, came under attack on Monday, the same day a Reuters survey showed OPEC output had recovered to 90% of its pre-war rate. An Energy Ministry official said the pipeline was targeted in the Medina region, causing a limited fire that emergency crews put out with no casualties and no disruption to operations. The line carries Saudi crude to the Red Sea port of Yanbu, which handled the bulk of the kingdom’s export growth in October.

The Saudi Ministry of Energy explicitly confirms that pipeline operations were not affected by the attack on the East-West pipeline. However, it does not explicitly state that the pipeline suffered no physical damage. https://t.co/ItNDyufLV5

OPEC crude production rose by 1.38 million barrels per day in October to 22.87 million bpd, according to the Reuters survey on Monday, led by Saudi Arabia, Kuwait and Iraq. The group’s 11 members pumped 25.48 million bpd in February, the last month before the war disrupted exports and production across the Middle East.

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