Saudi Pipeline Outage Could Deepen the Global Fuel Crunch The recent attack on Saudi Arabia's East West pipeline, which damaged three pumping stations and halted oil flows, has sent shockwaves through an already volatile oil market.
This latest development is another chapter in the long and complex narrative of how oil has shaped geopolitics. A significant consequence of the outage is its potential to deepen the ongoing fuel crunch.
The East West pipeline transports around 4 million to 5 million barrels per day, roughly 4% to 5% of global oil supply.