September 16, 2026 [Oil Price]- Saudi Arabia’s East-West Pipeline was damaged in September 10 drone attacks, forcing a shutdown of the 1,200-km, 7 million bpd Petroline and suspending Yanbu crude loadings. Kpler estimates Yanbu inventories have fallen below 15 million barrels, potentially limiting exports after about four days at 3.5 million bpd. Saudi Aramco has cancelled or delayed some September cargoes to European refiners, which may need to source alternative crude from the Americas, North Sea and Africa at higher freight costs. Meanwhile, instability in Yemen and Libya adds further supply risks, potentially increasing European fuel prices in coming weeks.