Why Saudi Arabia’s East-West pipeline matters for global oil
The 1,200km (745 mile) pipeline has been temporarily closed, affecting up to 5 percent of global oil supply. In another blow to global oil markets, drones struck Saudi Arabia’s East-West oil pipeline last Thursday, prompting the kingdom to suspend operations. The 1,200km (746-mile) pipeline, which carries roughly 4 to 5 million barrels of oil per…