US EditionSaudi Arabia Says Attacks Cut Oil Output by 600,000 Barrels a Day
The ministry said continued strikes could further cut supply and slow recovery, raising risks for global energy markets.
- Oil prices climbed on Friday amid fresh anxiety over Saudi Arabia energy infrastructure attacks and the ongoing closure of the Strait of Hormuz, despite a fragile ceasefire between the U.S. and Iran.
- The Saudi Press Agency reported Thursday that attacks cut the kingdom's output by around 600,000 barrels per day and reduced throughput on the East-West Pipeline by 700,000 bpd, shifting the narrative to measurable supply disruption.
- Some 50 infrastructure assets in the Gulf have been damaged by drone and missile strikes, with JPMorgan analysts noting around 2.4 million bpd of refining capacity taken offline, creating a "measurable supply shock."
- Ship traffic through the Strait of Hormuz remains at well below 10% of normal volumes despite the two-week ceasefire brokered by Pakistan, with Tehran warning vessels to stay in territorial waters.
- Mukesh Sahdev, CEO of energy consultancy XAnalysts, said the "key variable now is how flows through the Strait of Hormuz actually resume – not whether they reopen," as Brent prices could reach $190 a barrel.
65 Articles
65 Articles
The Iran war continues to disrupt global energy supplies, and French energy company Total announced it was closing a refinery complex it jointly owns with Saudi Arabia's national oil company.
Attack on Saudi pipeline wipes out 10 pc of oil export capacity, disrupts supply
Riyadh: An attack on Saudi Arabia’s East-West pipeline has wiped out roughly 10 percent of the Kingdom’s oil export capacity, disrupting global supply flows as regional tensions continue to escalate following the Iran conflict. According to the Saudi Press Agency, a strike on a pumping station along the strategic pipeline reduced throughput by around 700,000 barrels per day. The route has become a critical export lifeline, enabling crude shipmen…
The French oil group stopped its facilities in Jubail following attacks that damaged part of the site, in a context of increased regional tensions The oil group
Saudi Arabia confirmed on Thursday, 9 April, an attack on the East-West oil pipeline, which offers an alternative way of transport of oil towards the Ormuz Stream, where maritime traffic has not really been overrun after the fragile armistry between the US and Iran. The article Attack which could throw peace into the Gulf. The conduct of oil in Saudi Arabia that hit Ormuz was first bombed appeared in Romania TV.
"As a safety measure, the units of the platform "were stopped" after "incidents that occurred on the night of 7-8 April, which damaged one of the two processing trains at the refinery", the French group said.
Iran attacks Saudi oil facilities, energy crisis deepens
Coverage Details
Bias Distribution
- 49% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
