Saudi Pipeline Restart Fails to End Oil Market Tightness
Saudi Arabia restarted its 7 million b/d East-West pipeline after 11 days, but VLCC earnings of $1.2 million per day and freight at 25% of delivered crude costs signal tightness.
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Saudi Arabia restarted its 7 million b/d East-West pipeline after 11 days, but VLCC earnings of $1.2 million per day and freight at 25% of delivered crude costs signal tightness.
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