B · Normal
[Saudi Arabia accelerates the repair of its oil pipeline, aiming to fully restore it within six weeks] September 17th, according to people familiar with the matter, Saudi Aramco is working to bypass the damaged section of its oil pipeline and plans to restore about half of its capacity within a few days. The overall comprehensive repair is expected to take about six weeks. Last Friday, the pipeline was attacked and damaged by a drone, and Saudi Arabia immediately shut down the pipeline. The supply disruption triggered an immediate reaction in the oil market: the spot price of Brent crude oil has reached $105 a barrel. After the pipeline was shut down last Friday, traders estimated that Saudi Arabia's export inventories in Yanbu could only last 5 to 7 days, after which the country's oil supply capacity to the global market would be severely reduced.
Global market intelligence 🕐 2026-09-17 11:25

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