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Market Chatter: Saudi Arabia Crude Shipments Surge After East-West Pipeline Attack

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Saudi Arabia's crude exports reached 5.28 million barrels per day in September, the highest since February, after an attack on its bypass pipeline shifted shipments to the Strait of Hormuz, Bloomberg reported Thursday, citing satellite imagery and tanker-tracking data.

No tankers were seen leaving the Red Sea terminals from Sept. 10 to Sept. 21, according to Bloomberg.

Satellite imagery shows tankers capable of carrying at least 26 million barrels of Saudi crude arriving at the Persian Gulf terminal since Sunday, with average daily flows potentially exceeding 5 million barrels if the vessels depart by Thursday, according to the report.

Saudi Aramco did not immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: Trinidad's NGC Agrees Shell Aphrodite Gas Terms, Signs EOG Coconut Deal

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Market Chatter: US Heating Oil Prices Surge, Threatening Higher Winter Bills for Millions

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