Saudi pipeline circumventing the Strait of Hormuz running at full capacity

Saudi Arabia’s East-West pipeline, which bypasses the Strait of Hormuz, is operating at full capacity of 7 million barrels per day, Bloomberg reported.

Exports from Yanbu on the Red Sea have reached about 5 million barrels per day, with an additional 700,000 to 900,000 barrels of refined products shipped daily, the report said.