Egypt’s SUMED oil pipeline approaches traders hit by Suez blockage

LONDON: Egypt’s SUMED pipeline operator has approached oil traders to ask if they want to book its system to transport crude oil as a stuck container ship could block the Suez Canal for weeks, three trading sources told Reuters on Thursday.
The 400 meter (430 yard) vessel is blocking transit in both directions through one of the world’s busiest shipping channels for oil and grain and other trade linking Asia and Europe.