Oil climbs as Saudi pipeline outage, fresh attacks heighten supply concerns

Separately, President Volodymyr Zelenskiy said on Monday that Kyiv was ready to support a U.S. proposal for a Russia-Ukraine ceasefire on energy sites only if Washington could ensure Moscow was genuinely ready to end its war on Ukraine.

In China, official data showed that oil throughput rose for a second straight month in August, boosted by fuel exports after Beijing eased restrictions in mid-July.

Saudi Arabia could begin to exhaust oil available for export within days unless it restores operations on the East-West pipeline, potentially removing as much as 4% of global supplies from the market, according to Saudi buyers and traders.

The world's biggest exporter has used the pipeline to reroute about 4 million barrels per day — around 4% of global supply — to the port of Yanbu on the Red Sea.