Saudi Arabia to expand oil pipeline to 10 million barrels a day around Hormuz, expert says impact on prices would be limited

Saudi Arabia's Aramco plans to expand its oil pipeline capacity from 7 to 10 million barrels a day to move crude around the Strait of Hormuz. The works would take 2-3 years. An expert estimates the additional volume would be about 2% of the market, so the impact on prices would be limited.

Detected & updated continuously · Source: Nebula