Saudi Arabia risks running out of oil stocks used for exports within days unless its East-West pipeline restarts, threatening up to 4 percent of global supply, oil buyers and traders told Reuters.

Satellite images showed smoke rising near Saudi Arabia’s East-West oil pipeline, one of the kingdom’s key energy assets, Reuters has reported.

Houthi strikes threaten Saudi oil exports as Brent hits $105 and Middle Eastern crude soars to $120.

Pipeline has been shut 'as a precautionary measure', Saudi energy ministry says