Saudi Arabia's Energy Ministry temporarily closed the East-West Crude Oil Pipeline as a precaution after Thursday's drone hits from Iraq. [1] Reuters filed the shutdown through state media. [1] This paper printed a fire at pumping stations. Friday the ministry named a closure.
Temporary is the ministry's word. [1] A precaution is not a destroyed line. Hormuz remains a different clock. Print the closure as temporary. Do not print a vanished kingdom export book.
Bloomberg filed the same bypass shut after the attacks. [2] A shut bypass is not a mapped strait. Later repair calendars belong to later editions. Friday prints temporary. Leave a kill-order to the edition that owns a kill-order.
Oil's 108 print is the adjoining energy page, not this ministry sentence. Do not merge a precaution into a deal.
Bypass pipelines earn their keep exactly in weeks like this; the precaution proves the investment. Friday's closure is the asset working. Exports reroute while Riyadh assesses.
Working assets work; Friday's works. Working is the update. Reroutes hold.
Exports reroute while Riyadh assesses; Friday's closure is a precaution, not a deal. Oil's 108 sits on the adjoining page. Bypass pipelines earn their keep.
Riyadh named the East-West line closed on Friday, and named it temporary. Thursday's Iraqi drones explain the precaution without turning pipe into wreckage. Bloomberg's shut bypass is still a bypass. Kingdom exports have not been written off in this wrap.
Bloomberg's shut bypass is still a bypass. The closure is temporary. Kingdom exports have not been written off.
Bloomberg's shut bypass is still a bypass. The closure is temporary. Kingdom exports have not been written off.
-- YOSEF STERN, Jerusalem