Satellite imagery released on Sunday night has provided a glimpse into the severity of damage inflicted on a critical Saudi Arabian pipeline following drone strikes attributed to the Houthis on Friday. The images depict a pumping station on the 1,200-kilometer (745-mile) east-west conduit, which transports oil to the Red Sea, appearing charred and severely compromised.
According to oil buyers and traders, the Kingdom faces an imminent risk of depleting its export oil stocks if the damaged infrastructure is not operational again within days. This potential disruption could eliminate up to 4% of the global oil supply, raising significant concerns among international markets about future energy availability.
As of now, Saudi authorities have not released official details regarding the full extent of the damage to the vital artery that connects the country’s eastern oil fields to its western export terminals.
The satellite images are chilling. You can actually see the blast damage on the pumping station.
Houthis striking deep inland really shows their range has improved. This isn’t just a border skirmish anymore.
Wait, they might exhaust stocks in days? That seems incredibly fast unless their reserves were already critically low.
4 percent of global supply is massive. The volatility in markets right now is going to be insane.