Saudi pipeline outage threatens loss of 4% of global oil supply ↧

Saudi pipeline outage threatens loss of 4% of global oil supply ↧ ↧ Saudi pipeline outage threatens loss of 4% of global oil supply 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 ...