Saudi-Houthis clash: Traders expect Riyadh to run out of oil stocks soon if work on east-west pipeline doesn't resume
· livemint.com
Saudi Arabia faces the risk of exhausting oil stocks for exports within days if its key East-West pipeline to the Red Sea remains shut. The disruption could remove up to four per cent of global oil supply, adding pressure to already strained markets
As tensions escalate in the Middle East, with the wider region being plunged into a renewed confrontation, Saudi oil buyers and traders expect Riyadh to run out...