Monday, September 16, 2019

Yemen attack on Saudi Aramco Oil Facilities may affect 5% world oil supply

The Yemenese strike back hard: This time their target being the world's largest oil facilities in Saudi Arabia - the Aramco, a joint Saudi-USA establishment.

Yemen claims that 10 drones had been used in the attack, hitting the oil fields in Abqaiq and Khurais. The attack is likely to affect almost 5% drop in Saudi oil exports. And may cause crude prices to jump between $5 and $10 a barrel.

Watch a video by Al Jazeera network:
Saudi Energy Minister Prince Abdul Aziz bin Salman said that 5.7 million barrels a day of crude oil and gas production have been affected. The latest OPEC figures put total Saudi production at 9.8 million barrels per day.

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