Explosions Rock Saudi Yanbu As Oil Export Threat Grows After Pipeline Shutdown - World News - Tasnim News Agency
10 Articles
10 Articles
An important pipeline in Saudi Arabia is shut down. Actually, it transports oil for Asian buyers. They have to wait for deliveries now.
The closure does not mean the global market is losing 7 million barrels per day of supply, as that figure represents the pipeline's maximum capacity, not the actual amount of exports channeled through Yanbu.
The East-West pipeline remains out of service after the attacks – Tanker loading docks in the Red Sea are at a critical point, threatening a heart attack on global exports. The prolonged outage of the major East-West oil pipeline in Saudi Arabia is causing concern in international markets, as analysts and buyers warn that, if it does not reopen soon, Riyadh […] The post Zero Hour for Saudi Oil: Petroline Closed, Yanbu Stocks Dry Up appeared firs…
With the pipeline out of service, Yanbu port only has sufficient stocks to cover between five and seven days of exports
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