Saudi Arabia reduces oil production due to drone attack

After the drone attack on the facilities of the Saudi company Saudi Aramco, it reduced daily oil production by 5.7 million barrels. This was reported by BusinessCensor with reference to Interfax-Ukraine.

Saudi Arabia is the world's largest oil exporter; daily it supplies the world market with about 7 million barrels of oil.

On Saturday, drones attacked Saudi Aramco's facilities, resulting in a fire. The Houthis rebels in Yemen took responsibility for the attack.

The US Department of Energy announced Washington’s readiness to assist in stabilizing the market and, if necessary, to allocate part of its strategic oil reserves exciding 600 million barrels.

The US Department of State head Mike Pompeo accused Iran of attacking Saudi Aramco's oil facilities, Meduza reports.

“Amid all the calls for de-escalation, Iran launched an unprecedented attack on global energy supplies. There is no evidence that the attacks were from Yemen”, he wrote.

Iranian authorities deny involvement in attacks on facilities in Saudi Arabia.

As a result of such events, oil prices rose by 10%. Brent crude jumped by 19% on the ICE Futures Europe exchange to $ 71.95 a barrel.

Earlier it was reported that Prince Abdulaziz bin Salman Al Saud had been appointed the new Minister of Energy of Saudi Arabia.

Tags: contracts, oil, hydrocarbon production, legislation, USA, energy market, добыча нефти, Oil refinery plant, oil transit

Read also

Naftan will further consider long-term refining of Norwegian oil
Brazil produced more than 1 billion barrels of oil per year for the first time
Ukrtransnafta completely expelled dirty oil from Druzhba pipeline