Saudi Energy Infrastructure Attacks Disrupt Oil Production and Exports
Saudi Arabia has reported significant disruptions in its oil and gas production following attacks on key energy infrastructure. Facilities across Riyadh, the Eastern Province, and Yanbu Industrial City were targeted, including a pumping station on the East-West pipeline, which is crucial for transporting crude to the Red Sea and bypassing the Strait of Hormuz. The attacks have resulted in a reduction of over 600,000 barrels per day (bpd) in oil production capacity and decreased flows on the East-West pipeline by about 700,000 bpd. Prior to the disruption, the pipeline was transporting approximately 7 million bpd, with about 5 million bpd destined for export markets. The outages have added pressure to global oil balances, already strained by regional conflicts, and have led to a sharp rise in Brent crude prices. 
