Saudi Arabia will run out of oil stocks for exports if it does not restart its major pipeline to the Red Sea within days, leading to a loss of up to 4 per cent of global supply, according to Saudi oil buyers and traders. The pipeline was shut on Friday after drone attacks, and Riyadh has not given full details about the extent of the damage or how long the route will stay offline. Sources gave varying estimates, with one saying repairs could take five to six weeks and another saying it could be fixed sooner. The disruption has worsened a global supply crunch, pushing fuel prices to record highs, spurring inflation, and sending U.S. bond yields to their highest levels since the 2008 financial crisis.
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