Friday, 28 September 2018

How Much Oil Can Saudi Arabia Really Pump? We're Set to Find Out - Bloomberg

How Much Oil Can Saudi Arabia Really Pump? We're Set to Find Out - Bloomberg:

Does Saudi Arabia have the extra oil?

For the first time since Saddam Hussein invaded Kuwait in 1990, Saudi Arabia could face the ultimate petroleum test: pushing its complex network of oilfields, processing plants, pipelines, tank farms and export terminals to the limit, pumping every possible barrel of oil.

Today another Middle East crisis is stretching the Saudi oil machine. U.S. sanctions on Iran are crippling exports from the Islamic Republic, prompting buyers to look to the world’s largest exporter for replacement barrels.

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