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00:02Saudi Arabia could run out of oil stocks for export within days,
00:06unless it restarts its east-west pipeline to the Red Sea, according to Reuters.
00:11Drone attacks force Riyadh to shut the pipeline Friday,
00:14cutting off a route used to move about 4 million barrels per day,
00:17or roughly 4% of global supply, to the port of Yambu.
00:21Industry sources said Yambu has enough oil stocks to maintain exports for only 5 to 7 days.
00:26Repair estimates range from a quicker partial restart to as long as 5 or 6 weeks.
00:32Saudi oil production fell to 6.2 million barrels per day in August, from 10.9 million in February.
00:39The IEA expects global oil supply to decline by 5.7 million barrels per day this year.
00:44For all things money, visit Benzinga.com.
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