🧐🇸🇦Saudi Arabia could lose up to 4% of global oil supplies, — Reuters
Saudi port inventories will allow exports to be maintained for only 5–7 days if the pipeline to the Red Sea does not resume operations
Drone attacks on September 11 damaged the East-West oil pipeline, through which Saudi Arabia previously rerouted up to 4 million barrels per day to the Yanbu port
According to Reuters sources, repairs may take anywhere from several days to five-six weeks, although partial pumping could be restored earlier
Saudi Arabia has already cut production to 6.2 million barrels per day in August from 10.9 million in February, when the war began
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Saudi port inventories will allow exports to be maintained for only 5–7 days if the pipeline to the Red Sea does not resume operations
Drone attacks on September 11 damaged the East-West oil pipeline, through which Saudi Arabia previously rerouted up to 4 million barrels per day to the Yanbu port
According to Reuters sources, repairs may take anywhere from several days to five-six weeks, although partial pumping could be restored earlier
Saudi Arabia has already cut production to 6.2 million barrels per day in August from 10.9 million in February, when the war began
$CL
$BZ
