ChainCatcher reported that traders and sources said a disruption to a Saudi pipeline could remove 4% of global oil supply if flows are not restored within days. The report said storage at Yanbu in Saudi Arabia can support exports for only five to seven days. It also noted that Saudi Arabia has a limited amount of storage in Egypt. The item was published as a 7x24 newsflash and did not provide additional details beyond those points. The report attributed the information to traders and sources, without naming them individually in the text provided.
ChainCatcher reported that traders and sources said a Saudi pipeline disruption could lead to a loss of 4% of global oil supply unless shipments resume within days.
According to the report, storage at Yanbu in Saudi Arabia can sustain exports for only five to seven days. It added that there is also a small amount of storage in Egypt.
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