10142019Mon
Last updateFri, 11 Oct 2019 2pm

End-User News

Saudi Oil Output to Be Restored by End of Month Following Attacks

“The world’s largest crude oil processing facility and the heartbeat of Saudi Arabia’s energy industry was targeted in drone and missile attacks early Saturday morning that knocked out more than half of the OPEC kingpin’s global daily exports,” CNBC reports.

According to the country’s energy minister, 50% of crude production from the attack was restored within days and “production capacity would reach 11 million barrels of crude per day (bpd) by the end of September and 12 million bpd by the end of November.”

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