Satellite images show extent of damage to major Saudi pipeline, amid global oil supply fears
Saudis yet to provide details about damage from drone attack to key east-west pipeline to Red Sea that could affect 4% of global oil supply Saudi Arabia will run out of oil stocks for export if it doesn’t restart a drone-damaged major pipeline to the Red Sea within days, leading to the loss of up to 4% of global supply, Saudi oil buyers and traders said. Satellite photos released on Sunday night appeared to show a pumping station on the key 1,200km (745-mile) Saudi east-west pipeline charred and badly damaged, after drone attacks on Friday. Continue reading...
