Energy

Saudi pipeline outage threatens loss of 4% of global oil supply - Reuters

Source: Reuters

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DW NOTE

Saudi Arabia moves 5 million barrels per day through its East-West pipeline to dodge the Hormuz blockade. If that line is down, the kingdom loses its only bypass — meaning 4% of global supply joins the 6% already offline. The Strait closed two months ago. This pipeline was the workaround. Markets priced in mitigation. Now they'll price in none.

Read the full story at Reuters →

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Saudi pipeline outage threatens loss of 4% of global oil supply - Reuters

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