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Estimated Impact on Oil Production Capacity
Daily reduction in oil production and pipeline throughput due to attacks
Primary Sources
Saudi Arabia says operational activities halted at several energy sites
Attacks on energy facilities cause a reduced supply and slow recovery, a Saudi official tells state news agency.Operational activities have been halted at several energy facilities in Saudi Arabia due to recent attacks, according to the Saudi Press Agency, citing an official source at the Ministry of Energy.The attacks, which targeted oil, gas and electricity sites in Riyadh, the Eastern Province, and Yanbu Industrial City, resulted in the death of one Saudi national from the industrial security personnel of the Saudi energy company, with seven others injured, SPA reported on Thursday.Recommended Stories list of 4 itemslist 1 of 4S Arabia, UAE, Kuwait, Qatar, Bahrain report attacks after Iran-US trucelist 2 of 4For Gulf states, Hormuz uncertainty casts shadow over US-Iran ceasefirelist 3 of 4Empty ships and shut wells: Why the Iran war oil crisis is not over yetlist 4 of 4Global energy crisis is ‘the mother of all crises’: Turkish energy ministerend of listThe Gulf countries, consisting of Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Oman, and Qatar, have faced repeated drone and missile attacks from Iran over recent weeks in response to the US and Israeli war on Iran that began on February 28.The attacks on Saudi energy sites resulted in a reduction in the kingdom’s oil production capacity of approximately 600,000 barrels per day, the SPA report said.‘Increased volatility’The official speaking to the SPA said the continuation of attacks leads to reduced supply, slows recovery, and contributes to increased volatility in the oil market because they affect the security of supply for consuming countries.Oil prices jumped upward after a day of downtrend on Wednesday, as the world weighs the prospects of a shaky Iran-US ceasefire and possibly the full reopening of the Strait of Hormuz, a vital oil transit point that Iran has effectively blocked during the conflict.US President Donald Trump announced the two-week halt in the war against Iran, and Tehran said it would reopen the waterway that normally transports one-fifth of the world’s oil and gas.But the ceasefire has been placed in doubt, largely by Israel’s ongoing daily attacks on Lebanon and Iran’s attacks on the Gulf countries after the announcement of the truce on Wednesday. Israel and the US say that Lebanon was not part of the truce, but Iran and mediator Pakistan say it was included.Several leaders around the world have called for Lebanon to be included in the ceasefire.Tehran has also said it ...
Operational activities halted at several energy facilities in Saudi ...
CompaniesCAIRO, April 9 (Reuters) - Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and the throughput on its East-West pipeline by about 700,000 bpd, Saudi state news agency SPA reported on Thursday, citing an official source at the energy ministry.The attacks, including previous strikes on some facilities, also disrupted operations at key oil, gas, refining, petrochemical and electricity sites in Riyadh, the Eastern Province and Yanbu Industrial City, SPA said. Sign up here.One Saudi national from the industrial security personnel of the Saudi energy company was killed and seven other Saudi employees were wounded in the attacks, SPA said.The ministry source did not specify who launched the missiles.Saudi Arabia has come under attack from hundreds of Iranian missiles and drones since the start of the U.S.-Israeli war with Iran, most of which were intercepted, authorities have said. Tehran has launched strikes on Israel and Gulf Arab states that host U.S. military installations.One of the pumping stations on the kingdom's East-West pipeline was hit, reducing throughput by about 700,000 bpd, the ministry source said. The source described the pipeline as currently a main route for supplying global markets.The Manifa oilfield was also hit, reducing production capacity by around 300,000 bpd, while a previous attack on the Khurais facility cut a further 300,000 bpd, bringing the total reduction in Saudi production capacity to about 600,000 bpd, the source added.The attacks also hit major refining facilities, including SATORP in Jubail, the Ras Tanura refinery, the SAMREF refinery in Yanbu and the Riyadh refinery, directly affecting exports of refined products to global markets, SPA said. Processing facilities in Ju'aymah were also hit by fires, affecting exports of liquefied petroleum gas and natural gas liquids.The strikes on key oilfields, pipeline infrastructure and refining hubs underscore the risks to global energy supplies as conflict spreads across the region. Saudi Arabia, the world's top oil exporter, plays a central role in global crude markets, and a prolonged disruption to its production, refining system or export routes could tighten supplies and add to price volatility.The ministry source said continued attacks would reduce supply and slow recovery, affecting energy security for consuming countries and adding to volatility in oil markets. SPA said the disruptio...
Recent attacks on Saudi Arabia halted operation at several energy ...
Attacks on Saudi Arabia resulted in a total reduction in the Kingdom's production capacity to approximately 600,000 barrels per day, a source at the Saudi Ministry of Energy said on Thursday.
Several energy facilities in Saudi Arabia halt activities due to attacks
Operational activities have been halted at several energy facilities in Saudi Arabia due to recent attacks, Saudi state news agency SPA reports, citing an official source at the ministry of energy.
