Saudi Arabia Has a Stockpile in Yanbu Sufficient for Oil Exports for only 5 to 7 Days.
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9 Articles
Saudi Arabia will run out of oil stocks for export if it does not restart its main oil pipeline to the Red Sea within a few days, leading to a loss of up to 4% of the global supply, Saudi oil buyers and traders said on Sunday (13). A new fall in Saudi flows will worsen the global supply shortage, which has already boosted world fuel prices at record levels, stimulated inflation around the globe and brought US Treasury bonds yields to the highest…
Reuters, citing sources:. Repairs to Saudi Arabia's East-West pipeline could take more than 6 weeks, while Yanbu has enough stock for 5-7 days to maintain oil exports
Reuters, citing sources:Repairs to Saudi Arabia's East-West pipeline could take more than 6 weeks, while Yanbu has enough stock for 5-7 days to maintain oil exports
This article was originally published on Cedarnews.net. For more exclusive news and reports, visit our website. Three sources reported that Saudi Arabia has enough oil in storage facilities in Yanbu to cover only five to seven days of exports, at a time when energy infrastructure and export routes in the region are under increasing pressure. The sources added that the Kingdom also holds smaller quantities of oil in Egypt, providing limited addi…
Saudi Arabia will run out of oil supplies for export if it does not restore the operation of its main pipeline to the Red Sea within days, which would lead to a loss of up to four percent of global supply, Saudi oil buyers and traders told Reuters.
YANBU (ANP/RTR) - The failure of a major pipeline in Saudi Arabia threatens to lead to a 4 percent loss in the global oil supply. The east-west pipeline was shut down following drone attacks last Friday, meaning no oil can reach the port city of Yanbu on the Red Sea...
There is a risk of losing more than 4% of global supply. The pipeline is out of service after being hit by the Houthis.
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