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Saudi shuts East-West pipeline after drone attacks, halting Yanbu flows
By Drooid · · How we work
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Saudi Shuts Pipeline
- Saudi Arabia shut the East-West pipeline after drone attacks on September 10, halting Yanbu flows.
- The outage threatens roughly 4 million barrels per day, about 4 % of global oil supply.
- Brent crude futures rose more than 3 % on Monday, trading near $108 a barrel.
- Yanbu’s stored crude can sustain exports for only five to seven days.
- Polish refiner Orlen SA issued tenders to buy crude, seeking alternatives.
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