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World & Business

Brent reportedly falls 2.7% amid Saudi pipeline repair plans

A September 17 post says Saudi Arabia was seeking to restore half the East-West pipeline's capacity within days and return to full operations in six weeks.

JP
1 Source, 14d ago, first seen 14d ago

TLDR

A September 17 post says Brent traded near $106 after a 2.7% drop the previous day, while WTI was above $102. It describes Saudi Arabia's goal of restoring half the East-West pipeline's capacity within days and full operations in six weeks. The author interprets the price drop as a bet on promised repairs, rather than completed work.

Combined views

11.4K

1 Source, first seen 14d ago

70 likes7 comments7 saves14 reposts

Combined views

11.4K

1 Source, first seen 14d ago

70 likes7 comments7 saves14 reposts

Sentiment

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Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

1 Source

@jackprandelli🛢️Oil Drops As Saudi Arabia Moves To Fix Its Pipeline Brent trades near $106 after a 2.7% drop Wednesday, WTI above $102 after its worst day since August 4. Saudi Arabia is seeking half the East-West pipeline's capacity back within days, full operations in 6 weeks. Nobody agrees on real Hormuz flows right now: Chris Wright says 18 million barrels moved through in a single day this week, Clarksons puts the daily average closer to 8 million. Trump meets Gulf leaders Tuesday at the UN, says the war ends "very soon." Congress just approved tariff powers targeting countries still buying Russian oil, China and India included, as US diesel sits at a record. a 2.7% drop on a partial, days-away fix says the market is trading the promise of repair, not the repair itself…The real test comes once Aramco's timeline meets reality.
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    1 Source

    @jackprandelli🛢️Oil Drops As Saudi Arabia Moves To Fix Its Pipeline Brent trades near $106 after a 2.7% drop Wednesday, WTI above $102 after its worst day since August 4. Saudi Arabia is seeking half the East-West pipeline's capacity back within days, full operations in 6 weeks. Nobody agrees on real Hormuz flows right now: Chris Wright says 18 million barrels moved through in a single day this week, Clarksons puts the daily average closer to 8 million. Trump meets Gulf leaders Tuesday at the UN, says the war ends "very soon." Congress just approved tariff powers targeting countries still buying Russian oil, China and India included, as US diesel sits at a record. a 2.7% drop on a partial, days-away fix says the market is trading the promise of repair, not the repair itself…The real test comes once Aramco's timeline meets reality.
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