Posted on 09/13/2026 7:22:50 PM PDT by Mount Athos
Saudi Arabia will run out of oil stocks for exports if it doesn't restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, Saudi oil buyers and traders said. A further decline in Saudi flows will worsen the global supply crunch, which has already pushed global fuel prices to record highs, spurred inflation around the world and sent U.S. bond yields to the highest levels since the 2008 financial crisis.
Since drone attacks forced Saudi Arabia to shut its huge east-west oil pipeline on Friday, Riyadh has not given full details about the extent of the damage or how long the route will stay off-line.
Sources that spoke to Reuters gave varying estimates, with one saying the damage could take as long as five to six weeks to repair, while another said it could be fixed sooner and could resume pumping partially while repairs are ongoing.
Saudi Arabia's government media office and energy ministry did not immediately respond to requests for comment. For the past six months, the pipeline running through the desert across the Arabian Peninsula has spared Saudi Arabia from the brunt of the impact of the wartime shutdown of the Strait of Hormuz that has crippled exports from its neighbours.
The Middle East supplied around 22 million barrels per day of oil before the war. Flows through the Strait of Hormuz have slowed to just 6 million to 9 million bpd, industry sources say.
Saudi Arabia told OPEC last week that its oil production had dropped to just 6.2 million bpd in August from 10.9 million bpd in February before the start of the war.
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Shhhhh... not so loud. My town will hear this and raise prices immediately! (But when good news about oil gets bandied about, it takes 2 weeks or more for prices to drop)
If, up to.
Seems like step 1 should be eliminating the threat of more drones or they will blow it up again once it’s fixed.
And yet, there are no declarations of war by any of the countries attacked by Iran.
You’d almost think they’re not really our allies . . .
No gas ⛽ lines here 🇱🇷 .
All essential prices high, because the 40+ Trillion, that’s right T R I L L I I O N, US Government Debt Cult is high.
Spot on man
Total baloney. The Saudis were already rerouting pipeline oil back to routes through the Strait of Hormuz that had been opened by the US Navy. This was just a cautionary interruption while they prepared their military to hit the Houthis.
Why was it not buried underground?
“And yet, there are no declarations of war by any of the countries attacked by Iran.
You’d almost think they’re not really our allies . . .”
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Since we haven’t even run it by Congress, and nobody seems to know if it’s a war or not, you can’t blame others from deciding to just sit it out. Maybe if we get our act together, they’ll join us.
At least the right people will be getting dried up. Saudi Arabia exports the vast majority of its crude oil to major economies in Asia, with China, Japan, South Korea, and India as the primary destination. And it is their fault the problem exists with the need for Saudi oil and the flow is decelerated. The problem is Iran and they are supporting them. They are running with the pack.
wy69
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