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Saudi Arabia's Most Critical Pipeline Restored After Drone Attack

Saudi Arabia's Most Critical Pipeline Restored After Drone Attack A key Saudi oil pipeline to the Red Sea was restored on Sunday and is now pumping at full capacity after an Iranian drone attack last week damaged a pumping station. The East-West pipeline is back at full capacity, moving about 7 million barrels per day and restoring critical energy flows from Saudi's Persian Gulf oil fields to the Red Sea port of Yanbu, bypassing the turmoil in the Strait of Hormuz. Bloomberg quoted the Saudi energy ministry as saying that Saudi...
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May 28, 2026 / Dave DeCamp
Israeli Strikes Kill 16 Palestinians in Gaza Over 48 Hours
Gaza’s Health Ministry said on Thursday that Israeli attacks in Gaza have killed at least 16 Palestinians and wounded 39 over the previous 48-hour period as the IDF continues its constant violations of the US-backed Gaza ceasefire deal. Israeli attacks included the bombing of a residential building in Gaza City on Wednesday night, which killed […]
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May 26, 2026 / Tyler Durden
Condo Prices Already Dropped By Up To 33% In 24 Bigger Markets
Condo Prices Already Dropped By Up To 33% In 24 Bigger Markets Authored by Wolf Richter via Wolf Street, The price drops are getting relentlessly steeper: In 24 bigger markets, prices of mid-tier condos through April have dropped by 15% to 33% from their respective peaks between 2021 and 2024. Each of the markets is shown in a chart below: 24 mindboggling charts, depicting breath-taking price explosions, especially from mid-2020 to mid-2022, exceeding 50%, 60%, or even 70% in just two years in some cities. In the 10 years to the peak,...
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Jul 25, 2026 / Tyler Durden
Private Forecasters Warn "New Heat Event" Will Target US East Coast
Private Forecasters Warn "New Heat Event" Will Target US East Coast Folks across the Mid-Atlantic are enjoying a welcome stretch of mild weather today, with temperatures in the 70s following several rounds of extreme heat earlier this month that sent temperatures into the 90s and even into the triple digits. Enjoy the comfortable nights in the 60s and low 70s over the next few days, because another heat wave is already on the horizon. "New heat event potentially targets East Coast Aug 5-7," private forecaster Commodity Wx Group wrote on X. New...
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