Saudi Arabia has lost over 600,000 barrels of oil per day due to attacks on energy infrastructure, with another 700,000 barrels restricted due to pipeline damage. This has increased risks to global oil supplies amid the war in the Middle East, Bloomberg reports, writes UNN.
Details
According to the Saudi state agency, the strikes affected production facilities and key infrastructure, including the pumping station of the East-West pipeline, which is used to bypass the Strait of Hormuz.
Damaged fields and plants
Missile and drone attacks damaged oil fields, oil refining and petrochemical facilities. In particular, strikes on the Manifa and Khurais complexes reduced production by approximately 300,000 barrels per day each.
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Oil refining enterprises, including projects involving TotalEnergies and ExxonMobil, were also affected.
Market impact
The production cut represents about 10% of Saudi Arabia's pre-war oil exports. At the same time, the blockade of the Strait of Hormuz caused a global deficit of more than 10 million barrels per day.
Oil prices have risen by more than 30% since the beginning of the war and are holding near $97 per barrel.
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