Al Jazara
روایت خاورمیانه 
The disruption in the Saudi oil pipeline, which occurred on Friday due to drone attacks, poses a serious threat to global oil supply. According to traders and buyers of oil from Saudi Arabia, the country may face a shortage of oil reserves for export if its main pipeline to the Red Sea is not restarted within a few days.
Economic Consequences of Pipeline Disruption
Analyses indicate that if Saudi oil flow decreases further, this situation could exacerbate the global supply crisis. Rising fuel prices globally, especially as inflation rates in various countries have reached their highest levels, could have serious consequences for the global economy. Additionally, U.S. bond yields have reached their highest level since the 2008 financial crisis.
Read more: Decline in Iran's Oil Revenue; A Path to a Deeper Economic Crisis
Since the closure of the major Saudi oil pipeline, no specific details have been provided regarding the extent of the damage and the duration of its non-operational status. Various sources have provided differing estimates on the repair time for this pipeline. Some estimates suggest that repairs may take five to six weeks, while others hope for a quicker repair process and a partial resumption of oil flow.
Details of the Saudi Oil Pipeline
The oil pipeline, known as "Petroline," is 1,201 kilometers long and runs from the Abqaiq oil field in eastern Saudi Arabia to the city of Yanbu on the Red Sea. This pipeline is one of the most important routes for transporting oil in the country, and any disruption to it could have widespread implications for the global oil market.
Satellite images show the condition of the pipeline before and after the attack. Given the importance of this pipeline, immediate efforts are expected to begin for its repair to prevent a larger crisis.
Ultimately, this crisis highlights the endless dependence of the global oil market on political and security stability in the region. It seems that neglecting these issues could lead to increased price volatility and uncertainty in the market, which will ultimately affect the daily lives of people around the world.
Read more: Growth of Guyana's Oil Revenue Affected by Global Developments · Houthi Attack on Saudi Arabia: Two Injured and Financial Damages
