Saudi East-West Pipeline Shutdown Squeezes Crude Supply for Asia's Biggest Importers

Saudi Arabia's East-West pipeline shutdown is squeezing crude supply for Asia's four largest importers, with South Korea most exposed. Saudi crude made up 34.1% of South Korean imports in July, 27.3% of Japan's, 14.9% of China's and 10.2% of India's. Analysts put Asia-bound supply at risk at roughly 3.5–4.5 million barrels per day; Kpler warns a one-month closure could draw down 120 million barrels from Yanbu storage.