Saudi Arabia's Oil Exports at Risk of Running Out in Days Due to Pipeline Shutdown
Saudi Arabia's oil buyers and traders warn that the kingdom's oil reserves earmarked for export could run out in 5 to 7 days if the East-West pipeline to the Red Sea remains shut down. This could lead to a loss of around 4% of global oil supply, according to Reuters. The pipeline was shut after drone strikes, and repair estimates range from a partial restart to as long as five to six weeks.17 sourcesSee all sources