Riyadh, April 11 -- Saudi Arabia's press agency has said the nation's production capacity has been cut by around 600,000 barrels a day (bpd) due to Iranian attacks on energy infrastructure. That figure accounts for roughly 10% of the kingdom's normal crude exports, according to Bloomberg calculations.
Meanwhile, strikes on a pumping station serving the East-West pipeline - which Saudi Arabia has been using to export crude via the Red Sea - crimped daily throughput by 700,000 barrels this week, according to the report. "The drop in East-West pipeline throughput weakens Saudi's Hormuz bypass strategy and highlights persistent supply risks," said Mohith Velamala, a global oil analyst at BloombergNEF.
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