Saudi Oil Supply Disrupted by 1.3M bpd Following SATORP and Pipeline Attacks

Saudi Arabia has confirmed significant physical damage to its energy infrastructure following targeted attacks using missiles and drones on the SATORP refinery and the East-West pipeline. The Saudi Energy Ministry confirmed that the strikes hit upstream assets, forcing the SATORP refinery—a joint venture between Aramco and TotalEnergies—to shut down. Reports have attributed these attacks to Iran, noting a combined supply disruption of over 1.3 million barrels per day (bpd). Specifically, production capacity fell by 600,000 bpd, while throughput via the strategic East-West pipeline dropped by 700,000 bpd following strikes on pumping stations. These developments, amid escalating geopolitical tensions and direct attribution to regional actors, provide a strong bullish catalyst for global oil benchmarks. Market participants are now closely monitoring repair timelines and the potential for further escalation in the region.