Saudi pipeline outage threatens loss of 4% of global oil supply
Middle East3 sources3 countries🔦 Under-reported3m ago
On Friday, Saudi Arabia's East-West pipeline was shut down following drone attacks. The critical infrastructure has been used to reroute approximately 4 million barrels of oil per day to the Red Sea port of Yanbu.
According to Saudi oil buyers and traders speaking on Sunday, the kingdom faces running out of oil stocks for exports within days if the pipeline is not restarted. This potential disruption threatens a loss of up to 4 percent of the global oil supply.
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Middle East Eye (GB)Focuses on impending export stock depletion based on industry trader warnings.
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