According to a report by Reuters on the 13th, the Riyadh section and Medina section of Saudi Arabia's east-west oil pipeline were recently suspended due to drone attacks. If not restored within a few days, around 4% of the world's oil supply will be at risk. Three sources said that Saudi stocks at Yanbu Port on the Red Sea coast can only be exported for 5 to 7 days, and the Egyptian port still has a small amount of inventory. Yanbu has an oil storage capacity of about 35 million barrels, but the inventory is not full. If the pipeline is not restarted soon, the inventory will run out quickly. Saudi Arabia has yet to announce the extent of damage and repair time. The attacked pipeline previously diverted about 4 million barrels of crude oil to Yanbu every day, accounting for about 4% of global supply, helping Saudi Arabia bypass the impact of the suspension of operations in the Strait of Hormuz. Currently, tight crude oil supply is driving up global fuel prices and increasing inflation in many countries. The International Energy Agency said a few days ago that Saudi oil supply fell to a low in more than 30 years in August, and global oil supply will drop by 5.7 million b/d this year.

According to a report by Reuters on the 13th, the Riyadh section and Medina section of Saudi Arabia's east-west oil pipeline were recently suspended due to drone attacks. If not restored within a few days, around 4% of the world's oil supply will be at risk. Three sources said that Saudi stocks at Yanbu Port on the Red Sea coast can only be exported for 5 to 7 days, and the Egyptian port still has a small amount of inventory. Yanbu has an oil storage capacity of about 35 million barrels, but the inventory is not full. If the pipeline is not restarted soon, the inventory will run out quickly. Saudi Arabia has yet to announce the extent of damage and repair time. The attacked pipeline previously diverted about 4 million barrels of crude oil to Yanbu every day, accounting for about 4% of global supply, helping Saudi Arabia bypass the impact of the suspension of operations in the Strait of Hormuz. Currently, tight crude oil supply is driving up global fuel prices and increasing inflation in many countries. The International Energy Agency said a few days ago that Saudi oil supply fell to a low in more than 30 years in August, and global oil supply will drop by 5.7 million b/d this year.