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Market Impact: 0.45
Saudis in Process of Starting Up Key Pipeline, Oil Drops, More
Source: Bloomberg
Energy Markets & PricesTransportation & LogisticsCommodities & Raw Materials
Saudi Arabia is in the process of starting up a key oil pipeline, a development that contributed to lower oil prices. The pipeline’s return could ease crude-transport constraints and increase effective supply availability, creating a near-term bearish catalyst for oil markets.
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