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Crude Slides On Report Saudis Could Restore Half Of East-West Pipeline Flows Within Days
Crude Slides On Report Saudis Could Restore Half Of East-West Pipeline Flows Within Days
WTI futures fell to $101 a barrel around midday in New York after Bloomberg reported that Saudi Arabia could restore roughly half the East-West pipeline's capacity within days. The pipeline, a critical export route bypassing the Strait of Hormuz, has been shut since last week's drone attack.
The outlet reported:
State-run Saudi Aramco is working to bypass a damaged section on the route that will allow it to resume part of the pipeline's capacity, the person said, asking...
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"Existential Fight For Survival": MSFT May Nuke Green Data Center Climate Pledge
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One week ago, Microsoft expected roughly $190 billion in AI data center spending for this fiscal year, highlighting the massive scale of the hyperscaler capex cycle as Big Tech races to build out compute infrastructure. Across the tech space, hyperscalers are expected to spend nearly $700 billion in capex this year alone.
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