Saudi Arabia's East-West oil pipeline was shut down last Thursday after a drone attack, affecting 5% of global oil supply.
The 1,200-kilometer pipeline, with a daily capacity of approximately 4 million to 5 million barrels, connects Saudi Arabia's eastern oil-producing regions to the Red Sea port of Yanbu, allowing it to bypass the Strait of Hormuz. Following the attack, the Saudi Ministry of Energy stated that the shutdown was a "precautionary" measure. Sources indicate that repairs could take five to six weeks. This shutdown comes as Saudi Arabia's reliance on the pipeline has increased due to a sharp reduction in oil flow through the Strait of Hormuz amid the US-Israel war with Iran, and intensified Houthi attacks in the Red Sea. The International Energy Agency stated that Saudi Arabia's oil supply in August had fallen to its lowest level in over 30 years, and global oil supply is expected to decrease by approximately 5.7 million barrels per day this year, equivalent to 6% of global supply.
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Source:半岛电视台 · Source Link
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