Drone strikes that damaged a Saudi pipeline yesterday could cut up to 4% of global oil supply and spur even higher fuel prices. Saudi Arabia has been using the East-West pipeline to reroute around 4 million barrels of oil per day to the port of Yanbu on the Red Sea. Key points and original sources are listed below.
- Drone strikes that damaged a Saudi pipeline yesterday could cut up to 4% of global oil supply and spur even higher fuel prices.S1
- Saudi Arabia has been using the East-West pipeline to reroute around 4 million barrels of oil per day to the port of Yanbu on the Red Sea. That volume is equivalent to around 4% of global oil supply.S2