A Reuters report, citing three sources, says Saudi crude oil export reserves at the Yanbu terminal may be sufficient for only five to seven days, and that a prolonged shutdown of the damaged East-West pipeline could remove up to 4 million barrels per day (about 4% of global supply) from world markets. One source estimated repairs could take five to six weeks, while another claimed partial resumption may be possible sooner.
Earlier today, The Zioneer reported that a Reuters dispatch cited by Ynet warned Saudi oil export reserves at Yanbu port could run out within five to seven days. Additional details from the Reuters report, now published in full, provide a repair timeline and wider supply implications. Three sources familiar with Saudi exports said that if the East-West pipeline does not resume operation within days, Saudi Arabia may be forced to significantly curtail Red Sea crude exports. One source estimated repairs could take five to six weeks, while another said partial activity could resume sooner, even as work continues. The East-West pipeline is Saudi Arabia's primary route for bypassing the Strait of Hormuz. A prolonged shutdown, the report noted, could remove up to four million barrels per day from global oil markets — roughly four percent of worldwide supply. The differing repair assessments and the pipeline's strategic role underscore the potential duration and impact of the disruption.
5 developments
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- StrongAsian oil companies reroute tankers from Saudi Yanbu port after Houthi blockade threats
- StrongSix Explosions Reported Near Oil and Gas Facilities in Eastern Saudi Arabia
- StrongSatellite imagery shows Iran damaged Kuwait's oil collection center, exports limited for months
Source and signal
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