Saudi Oil Output and Key Pipeline Hit as Attacks Cut Supply

Missile and drone strikes have cut Saudi Arabia’s oil production capacity by about 600,000 barrels per day and reduced flows through its East-West pipeline by roughly 700,000 bpd, the Kingdom’s energy ministry has revealed. The East-West system has become one of Saudi Arabia’s primary export routes, moving crude from the Gulf to the Red Sea and bypassing the Strait of Hormuz. One of the pipeline’s pumping stations was struck, limiting throughput. At the same time, direct hits to upstream assets have taken barrels offline.…