Saudi East-West oil pipeline expected to resume soon after strike, limiting supply impact

  • Saudi Arabia’s East-West oil pipeline is expected to resume soon after attacks forced its closure.
  • The route carried 4 million to 5 million barrels of crude daily, while South Korean refiners secured over 90% of September and October needs.
  • Technical teams are assessing damage as South Korea monitors supplies and prepares alternative routes and crude oil swaps.

Saudi Arabia’s East-West oil pipeline is expected to resume operations soon after attacks forced its closure, US Energy Secretary Chris Wright said, while South Korea’s Ministry of Trade, Industry and Resources said the disruption should have limited short-term supply effects. The pipeline had carried about 4 million to 5 million barrels of crude per day, or roughly 4%-5% of global oil supply, while local refiners had secured more than 90% of their September and October requirements based on the previous year’s consumption. Technical teams are assessing the damage, and Wright said he remained in continuous contact with Saudi authorities. South Korea said it would monitor conditions, support alternative shipping routes and use measures including crude oil swaps with private companies. Wright also said more than 12 million barrels of oil and petroleum products transited the Strait of Hormuz the previous night, with the seven-day average above 10 million barrels per day and rising, amid wider regional tensions, Red Sea disruptions and global diesel shortages.

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