Saudi Arabia will run out of oil stocks for exports if it doesn't restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, Saudi oil buyers and traders said. A further decline in Saudi flows will worsen the global supply crunch, which has already pushed global fuel prices to record highs, spurred inflation around the world and sent U.S. bond yields to the highest levels since the 2008 financial crisis.
Since drone attacks forced Saudi Arabia to shut its huge east-west oil pipeline on Friday, Riyadh has not given full details about the extent of the damage or how long the route will stay off-line.
Sources that spoke to Reuters gave varying estimates, with one saying the damage could take as long as five to six weeks to repair, while another said it could be fixed sooner and could resume pumping partially while repairs are ongoing.
Saudi Arabia's government media office and energy ministry did not immediately respond to requests for comment. For the past six months, the pipeline running through the desert across the Arabian Peninsula has spared Saudi Arabia from the brunt of the impact of the wartime shutdown of the Strait of Hormuz that has crippled exports from its neighbours.
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Yemen Blame Game Begins: "Saudi-American F**k Up Of Epic Proportions"
An official affiliated with Saudi-backed militias in Yemen told CNN that the Houthis "committed everything they had – waves upon waves of fighters... along with their available ballistic missiles and weapons."
"But the air support never came," the source said in reference to the fact that the Saudi-backed side rapidly folded and retreated in just days last week. "And Mocha has now fallen." The blame game has begun after a mere 36 hours has seen the Saudi coalition fracture on the ground, and the finger-pointing is likely to go on in the halls of government, now as Saudi territory continues coming under direct missile and drone threat.
https://www.zerohedge.com/geopolitical/yemen-blame-game-begins-saudi-american-fk-epic-proportions
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Washington State Told Trafficking Victims to Call a DEAD Phone Number
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