Refinitiv: Saudi oil buyers and traders warn a main pipeline to the Red Sea
could exhaust export inventories within days if not restarted, potentially
removing up to 4% of global oil supply. A further drop in Saudi flows would
tighten global supply, has already pushed fuel prices to record highs,
contributed to global inflation and helped lift US Treasury yields to levels not
seen since 2008. Repair estimates vary: one source said fixes could take five to
six weeks, another said repairs could be faster and allow partial flows during
maintenance. Three industry sources say Yanbu inventories now cover only five to
seven days of exports; a fourth said Saudi can supply customers for several days
from Ain Sokhna and Sidi Kerir. Industry storage estimates: Yanbu ~35 mln
barrels; Ain Sokhna ~18 mln; Sidi Kerir ~20 mln.
