Saudis yet to provide details about damage from drone attack to key east-west pipeline to Red Sea that could affect 4% of global oil supply Saudi Arabia will run out of oil stocks for export if it doesn’t restart a drone-damaged major pipeline to the Red Sea within days, leading to the loss of up to 4% of global supply, Saudi oil buyers and traders said. Satellite photos released on Sunday night appeared to show a pumping station on the key 1,200km (745-mile) Saudi east-west pipeline charred and badly damaged, after drone attacks on Friday. Continue reading...
World
Satellite images show extent of damage to major Saudi pipeline, amid global oil supply fears
Saudis yet to provide details about damage from drone attack to key east-west pipeline to Red Sea that could affect 4% of global oil supply Saudi Arabia will run out of oil stocks for export if it doesn’t restart a drone-damaged major pipeline to the Red Sea within days, leading to the loss of up to 4% of global supply, Saudi oil buyers and traders said. Satellite photos released on Sunday night appeared to show a pumping station on the key 1,200km (745-mile) Saudi east-west pipeline charred and badly damaged, after drone attacks on Friday. Continue reading...
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