WorldEconomy
Saudi pipeline shutdown risks loss of up to 4% of global oil supply, traders say
Saudi Arabia may run out of oil stocks for exports if it does not restart a major pipeline to the Red Sea within days, risking up to 4% of global supply, Saudi oil buyers and traders said. The shutdown follows drone attacks and is worsening a global supply crunch, according to the account.
Saudi oil buyers and traders said Saudi Arabia may run out of oil stocks for exports if it does not restart its major pipeline to the Red Sea within days, risking the loss of up to 4% of global oil supply.
A further decline in Saudi flows would worsen a global supply crunch that has already pushed fuel prices to record highs, spurred inflation around the world and sent U.S. bond yields to their highest levels since the 2008 financial crisis, according to the account.
Drone attacks forced Saudi Arabia to shut its east-west oil pipeline on Friday, September 11, 2026. Riyadh has not given full details about the extent of the damage or how long the route will stay offline.
Sources gave varying estimates of the damage. One said it could take as long as five to six weeks to address, according to the report.
- saudi pipeline bloackade
- saudi houthi attacks
- saudi arabia pipeline
- saudi arabia petrol
From
WorldEconomy
Saudi pipeline shutdown risks loss of up to 4% of global oil supply, traders say
Saudi Arabia may run out of oil stocks for exports if it does not restart a major pipeline to the Red Sea within days, risking up to 4% of global supply, Saudi oil buyers and traders said. The shutdown follows drone attacks and is worsening a global supply crunch, according to the account.
Saudi oil buyers and traders said Saudi Arabia may run out of oil stocks for exports if it does not restart its major pipeline to the Red Sea within days, risking the loss of up to 4% of global oil supply.
A further decline in Saudi flows would worsen a global supply crunch that has already pushed fuel prices to record highs, spurred inflation around the world and sent U.S. bond yields to their highest levels since the 2008 financial crisis, according to the account.
Drone attacks forced Saudi Arabia to shut its east-west oil pipeline on Friday, September 11, 2026. Riyadh has not given full details about the extent of the damage or how long the route will stay offline.
Sources gave varying estimates of the damage. One said it could take as long as five to six weeks to address, according to the report.
- saudi pipeline bloackade
- saudi houthi attacks
- saudi arabia pipeline
- saudi arabia petrol
From