A critical Saudi oil pipeline hit in strikes will be mostly out of service for several weeks for repairs, AP reports. The extended outage tightens an already stretched global oil market, with roughly 4% of supply at risk.
Sentimentbearish 25
Bearish · 25 of 100
Impact80
high · market-wide
Confidence75%
moderate confidence · single wire
Eventdeveloping
v1 · alerts feed only
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Saudi oil pipeline out for weeks after drone attack from Iraqbearish 30 · impact 50
East-West Pipeline can carry 7 million bpd, key to Saudi Hormuz bypass strategyneutral 50 · impact 40
Saudi oil pipeline hit in strikes will be mostly out of service for several weeks for repair
https://t.co/gNLJa1nbDs
Saudi bypass pipeline could be down for weeks after drone attack, AP saysbearish 30 · impact 60
A KEY SAUDI OIL PIPELINE WAS DAMAGED IN STRIKES AND WILL REMAIN OUT OF SERVICE FOR SEVERAL WEEKS FOR REPAIRS, ACCORDING TO OFFICIALS.
Saudi oil pipeline out for weeks after strikes, AP reportsbearish 25 · impact 80 · this page
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