Oil prices fall as Saudi pipeline restarts after Houthi attacks

Summarised from 2 outlets · Updated 23 Sept, 08:20 · Archive

Oil prices have dropped below $100 per barrel as Saudi Arabia prepares to restart a pipeline damaged by Houthi attacks.

Oil prices are in decline, falling for a sixth consecutive session. Saudi Arabia is restarting an east-west pipeline that was damaged earlier this month. The Guardian reports that hopes for progress in US-Iran talks are also supporting lower prices.

How it is being reported

• Oil prices fall in longest losing streak in a year on hopes of progress in US-Iran talks – business liveOil prices decline for a sixth session, as Saudi Arabia reportedly restarts its east-west pipeline Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices have fallen for a sixth session, dropping further below $100 a barrel on reports of increased supply from the Middle East, and amid hopes of progress in talks between the US and Iran. 9am BST: Eurozone S&P Global flash manufacturing PMI for September 9.30am BST: UK S&P Global flash manufacturing PMI for September 2.45pm BST: US S&P Global flash manufacturing PMI for September…Guardian Business · 23 Sept, 07:39
• Oil prices back below $100 per barrel; Saudi pipeline to restartThe price of oil is on the decline with news that Saudi Arabia plans to restart a pipeline that was damaged by Houthi attacks earlier this month.UPI · 22 Sept, 15:11

In this story: Saudi Arabia · Houthi · United States · Iran

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log