Saudi Arabia Shuts Pipeline to Bahrain After Oil Outage

OILMONSTER.COM- Saudi Arabia has shut down its crude oil pipeline to Bahrain after attacks on Saudi oil facilities, two trade sources told Reuters on Monday.

The pipeline, which carries 220,000-230,000 barrels per day (bpd) of Arab Light crude from state oil company Saudi Aramco to Bahrain’s Bapco, was closed after Saturday’s attack reduced output of mainly light crude grades, one of the sources said.

Bapco is working to secure vessels to bring in around 2 million barrels of Saudi crude as a result of the pipeline shutdown, the sources said. 

Courtesy: www.reuters.com