Riyadh rerouted crude through Oman following pipeline outages, while the FED is expected to raise rates despite market movements.
2 reports, 2 independent
Updated Sep 17
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What happened
Riyadh rerouted crude through Oman following pipeline outages, while the FED is expected to raise rates despite market movements.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Oman offers more crude while Fed hikes rates and BoE holds steady.1 source
Saudi crude rerouting through Oman coincides with FED rate hike expectations and market turbulence.1 source
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The entities involved
Related events
- Oman hosts regional dialogue in Salalah regarding oil passage fees, complicated by a Saudi pipeline shutdown.
- Talks between Iran and Oman regarding oil passage are underway, coinciding with the release of new U.S. crude oil inventory data by agencies.
- Oman's central bank follows the Federal Reserve's rate hike, while Trump's meetings with Gulf countries influence regional sentiment.
- The Red Sea, Kuwait, and Oman are being assessed as a potential terminus and transit partner for crude oil exports and pipeline networks.
- Oman and Iran discussed regional stability, while Chris Wright spoke to CNBC regarding pipeline status.