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Market Impact: 0.45

Saudi Arabia Hikes Oil Flow on Key Pipeline to Over 80% Capacity

Source: Bloomberg

Energy Markets & PricesTransportation & LogisticsCommodities & Raw Materials

Saudi Arabia has lifted flows through its main cross-country crude pipeline to more than 80% of capacity, pushing export availability from its Red Sea coast to wartime highs. The increase reflects reduced deliveries to domestic refineries and could add to seaborne crude supply, creating mild downside pressure on oil prices.

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mildly negative

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-0.20

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