Saudi Arabia may be just days away from not being able to export much oil - WSJ

Saudi Arabia may be just days away from not being able to export much oil - WSJ From Market Watch (WSJ) last night - *Saudi Arabia, a top oil exporter to the world, may be days away from not being able to export much crude, intensifying pressure on global energy markets with the northern hemisphere’s winter and harvest season just around the corner.* *The kingdom said on Friday that it shut down its East-West pipeline, which had emerged as a crucial conduit to sidestep the Strait of Hormuz chokepoint, itself severely curtailed with the U.S. and Israel’s war with Iran. Saudi Arabia has not yet offered a timeline for repairs, which could be lengthy.* *The pipeline outage will force Saudi Arabia to redirect the up-to-5 million barrels a day of exports that could flow to the Red Sea back to the Persian Gulf, where it will need to be shipped through the Strait of Hormuz, said Florence Schmit, a senior energy strategist with Rabobank in London. Schmit added that it was unclear how much crude Saudi Arabia could redirect this way.* Somewhat dumbfounded why the equity market isn't pricing in more uncertainly based on this.