Saudi oil pipeline attack disrupts global supply
after close1 source ↓written by the desknot a recommendation
- crucial for transporting
- 4 million barrels per day
- to last only
- 5 to 7 days
Saudi Arabia’s East–West Pipeline, crucial for transporting 4 million barrels per day, was attacked, leading to a temporary shutdown of oil pumping. This incident has forced the cancellation of some oil deliveries to Europe, raising concerns over a potential supply crisis as storage reserves in Yanbu are expected to last only 5 to 7 days. Experts warn of significant disruptions to global markets.
Not investment advice. For informational purposes only.