1 hr ago
Saudi Pipeline Outage Threatens Four Percent of Global Oil Supply
A major oil pipeline in Saudi Arabia has stopped working.
It usually moves about 4 million barrels of oil every day.
That is about 4 percent of all the oil supplied around the world.
The pipeline carries oil across the desert to the port of Yanbu.
Yanbu can continue sending oil for only about five to seven more days using its current supplies.
After that, exports could be affected if the pipeline remains offline.
Three industry sources provided this estimate.
The report does not say why the pipeline stopped working.
The Saudi pipeline typically transports about 4 million barrels of oil per day.
That volume represents roughly 4 percent of total global oil supply.
The pipeline reroutes oil across the desert to the Red Sea port of Yanbu.
The pipeline is offline, leaving Yanbu with enough stock for about five to seven more days of exports.
The stock estimate came from three industry sources familiar with Saudi export operations.
- Who
- Saudi oil export operations and three industry sources familiar with them.
- What
- A pipeline carrying about 4 million barrels of oil per day is offline, threatening the continuity of exports from Yanbu.
- Where
- The pipeline crosses the Saudi desert and supplies the Red Sea port of Yanbu.
- When
- The report does not specify when the outage began; Yanbu reportedly has five to seven days of stock remaining.
- Why
- The pipeline is offline; the report does not state the cause of the outage.
Key facts
- Typical pipeline capacity
- About 4 million barrels of oil per day
- Share of global supply
- Roughly 4 percent
- Destination
- Yanbu, a Red Sea port
- Current status
- The pipeline is offline
- Remaining export stock
- About five to seven days
- Sources
- Three industry sources familiar with Saudi export operations
Sources
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