Saudi Pipeline Break: 3-4M bpd Lost, Brent at $105
brent-pricesThe Houthi rebels' attack on Saudi Aramco's East-West pipeline has eliminated the main terrestrial corridor for exporting Saudi crude oil to Asia, causing a loss of 3-4 million barrels per day (bpd). This shift from land to sea increases logistical costs, pushing Brent prices to $105 per barrel and charter rates for supertankers to $800,000 per day.
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