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Fifteen products impacted by Saudi supply issues
The article discusses the impact of terrorist attacks on energy facilities in Saudi Arabia and the damage inflicted on the East-West pipeline, which transported about 4 million barrels per day and accounted for approximately 4% of global oil supplies. This disruption led to a decrease in Saudi oil exports from 10.9 million barrels to around 6.2 million barrels daily in August, increasing pressure on the global market. The oil product, refining, and petrochemical supply chains were also significantly affected, with expectations of reduced exports of many products such as diesel, gasoline, fuel oil, liquefied petroleum gas, petrochemicals, and basic chemicals, posing a threat to their prices and intensifying pressures on global markets. The shortage of oil and refined product supplies is among the most direct consequences, with extended effects on the chemical and plastics industries, raising concerns about the stability of the global energy market.
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