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Saudi Arabia , Thursday 15 October 2026

HSBC Sees Temporary Oil Market Deficit Risk After Saudi Pipeline Outage

Published on: Monday 14 September 2026

HSBC Sees Temporary Oil Market Deficit Risk After Saudi Pipeline Outage Oil prices moved higher on Monday after reports that Saudi Arabia’s East-West crude pipeline is expected to remain largely offline for three to five weeks for repairs following an attack last week. The pipeline provides a route for Saudi crude from the Gulf to the Red Sea, bypassing the Strait of Hormuz.


News source: https://finance.yahoo.com/energy/articles/hsbc-sees-temporary-oil-market-094007954.html

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