🛢 Saudi Pipeline Shutdown Tightens Oil Risk Saudi Arabia shut the East-West pipeline after attacks i

🛢 Saudi Pipeline Shutdown Tightens Oil Risk

Saudi Arabia shut the East-West pipeline after attacks interrupted the land route to Yanbu on the Red Sea. The pipeline had moved 4 million to 5 million barrels a day in recent months, allowing exports without tankers passing through Hormuz.

Saudi Arabia called the shutdown precautionary and gave no restart date or estimate of lost exports. Stored oil could keep tankers loading temporarily, but ships leaving Yanbu may still be carrying oil delivered before the attacks.

Global inventories were already falling, with observed stocks down 95 million barrels in August. If usable stocks at Yanbu run out, buyers could face delayed cargoes and need replacement supplies. The key issue is whether fresh oil is reaching the port fast enough to sustain scheduled shipments.

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