Oil price falls to $98 as Saudi Arabia signals reopening of East-West pipeline - Financial Times
Financial Times
F
Financial Times
Original Source
Oil prices fell to $98 per barrel after Saudi Arabia signaled its intention to reopen the East-West pipeline. The decline reflects improved global crude supply expectations.
Subscribe to read
* Sign In * Subscribe
Open side navigation menuOpen search bar
SubscribeSign In
Popular Searches
* What is the latest news on the UK economy? * Western support for Ukraine * How will AI be regulated? * UK inflation vs the world * How will the UK economy fare in 2026?
* Home * World
Sections
+ World Home + Middle East war + Global Economy + UK + US + China + Africa + Asia Pacific + Emerging Markets + Europe + War in Ukraine + Americas + Middle East & North Africa
Most Read
+ Kremlin-backed forgery scheme moved $6.9bn through global banks + Trump is checking out of his presidency + London’s schools are running out of children + Are we developing a distaste for effort? + UK government borrowing surges in blow to Healey ahead of Budget * US
Sections
+ US Home + US Economy + US Companies + US Politics & Policy
Most Read
+ Trump is checking out of his presidency + Are we developing a distaste for effort? + Why Blackstone’s latest plans at Lloyd’s of London have sparked a firestorm + Racism backlash turns obscure Texas race into Republican flashpoint + Trump and Xi are the wrong men at the wrong time * Companies
Sections
+ Companies Home + Energy + Financials + Health + Industrials + Media + Professional Services + Retail & Consumer + Tech Sector + Telecoms + Transport
Most Read
+ Kremlin-backed forgery scheme moved $6.9bn through global banks + Why Blackstone’s latest plans at Lloyd’s of London have sparked a firestorm + AI staff complain of mental toll over fears of threat to society + Trump presses Zelenskyy to stop hitting Russian refineries + Saudi Arabia signals East-West pipeline reopening * Tech
Sections
+ Tech Home + Artificial intelligence + Semiconductors + Cyber Security + Social Media
Most Read
+ AI staff complain of mental toll over fears of threat to society + Lex in depth: the challenging maths of Anthropic’s IPO + Meta leads tech rally as oil prices fall + AI optimism lifts global stocks after Nasdaq nears record high + SoftBank launches one of biggest junk bond deals to fund OpenAI bet * Markets
+ Kremlin-backed forgery scheme moved $6.9bn through global banks + UK government borrowing surges in blow to Healey ahead of Budget + How the cost of Japan’s money shapes the world + Trump presses Zelenskyy to stop hitting Russian refineries + Saudi Arabia signals East-West pipeline reopening * Climate * Opinion
Sections
+ Opinion Home + Columnists + The FT View + The Big Read + Lex + Obituaries + Letters
Most Read
+ Trump is checking out of his presidency + Are we developing a distaste for effort? + Trump and Xi are the wrong men at the wrong time + Sorry Carney, the world does need a great power with better manners + Rate rises should not be ‘the only game in town’ * Lex * Work & Careers
Sections
+ Work & Careers Home + Business School Rankings + Business Education + Europe's Start-Up Hubs + Entrepreneurship + Recruitment + Business Books + Business Travel + Working It
Most Read
+ Are we developing a distaste for effort? + Nik Storonsky’s plan for Revolut: a global bank with ‘effectively zero risk’ + Equal pay law cannot ignore the labour market + Robotaxis are coming for important jobs + Investors need to know you are ahead in the race to destroy humanity * Life & Arts
Sections
+ Life & Arts Home + Arts + Books + Food & Drink + FT Magazine + House & Home + Style + Puzzles + Travel + FT Globetrotter
Most Read
+ Should you spend £400 on a toothbrush? + The Wargame — Michael Gove plays prime minister in chilling drama-documentary + Paramount reaches settlement to clear path for $110bn Warner Bros deal + Youth — Sharon Horgan’s sex comedy about life at 50 digs for deeper meaning + Where do the A-list eat now? * How To Spend It * Stocks Game
MenuSearch
* Home * World * US * Companies * Tech * Markets * Climate * Opinion * Lex * Work & Careers * Life & Arts * How To Spend It * Stocks Game
Financial Times
SubscribeSign In
Popular Searches
* What is the latest news on the UK economy? * Western support for Ukraine * How will AI be regulated? * UK inflation vs the world * How will the UK economy fare in 2026?
Saudi Arabia signals reopening of East-West pipeline
Subscribe to unlock this article
Save over 40% on Standard Digital
was $540 now $299 for your first year.
Save now on essential digital access to trusted FT journalism on any device. Savings based on annualised monthly price.
Subscribe for $299
* Global news & analysis * Expert opinion * FT App on Android & iOS * FT Edit app * First FT: the day’s biggest stories * 20+ curated newsletters * Follow topics and set up personalized alerts * FT Videos & Podcasts * 10 monthly gift articles to share
Explore more offers.
Trial
$1 for 4 weeks
Then $75 per month. Complete digital access with exclusive insights and industry deep dives on any device. Cancel anytime during your trial.
Select
* Global news & analysis * Expert opinion * FT App on Android & iOS * FT Edit: Access on iOS and web * FirstFT: the day's biggest stories * 20+ curated newsletters * Follow topics & set alerts with myFT * FT Videos & Podcasts * 20 monthly gift articles to share * Lex: FT's flagship investment column * 15+ Premium newsletters by leading experts * FT Digital Edition: our digitised print edition
Premium Digital
Complete coverage
$75 per month
Complete digital access with exclusive insights and industry deep dives on any device.
Select
* Global news & analysis * Expert opinion * FT App on Android & iOS * FT Edit: Access on iOS and web * FirstFT: the day's biggest stories * 20+ curated newsletters * Follow topics & set alerts with myFT * FT Videos & Podcasts * 20 monthly gift articles to share * Lex: FT's flagship investment column * 15+ Premium newsletters by leading experts * FT Digital Edition: our digitised print edition
Print
Save over 65%
was $409 now $129 for your first year
Save now on our curated print edition delivered Monday - Saturday\* plus our digitised print replica. Savings based on annual price.
Select
* Weekday Print Edition * FT Weekend * FT Digital Edition: our digitised print edition * Global news & analysis * Expert opinion * Special features * Exclusive FT analysis
Check whether you already have free access via your university or organisation.
Terms & Conditions apply
\*Hand delivery availability confirmed when you enter your address.
Explore our full range of subscriptions.
For individuals
Discover all the plans currently available in your country
DigitalPrintPrint + Digital
For multiple readers
Digital access for organisations. Includes exclusive features and content.
FT Professional
!Over one million readers pay to read the Financial TimesFind out why
Useful links
Support
Help CentreContact UsAbout UsAccessibilityCareersSuppliers
Legal & Privacy
Terms & ConditionsPrivacy PolicyCookie PolicyDo Not Sell My Personal InformationCopyrightSlavery Statement & Policies
Services
Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools
Tools
PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter