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Saudi pipeline hits capacity as Hormuz remains shut

Saudi Arabia’s East-West pipeline, which circumvents the Strait of Hormuz, is pumping oil at its full capacity of 7 million barrels a day, Bloomberg News reported on Saturday, citing a person familiar with the matter. Crude oil exports from Saudi Arabia’s Yanbu port on the Red Sea have now? reached 5 million barrels a day,

Read full story on Daily Times – Latest Pakistan News, World, Busines

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