#Saudi Oil Fields Are in the Firing Line as Gulf Conflicts Rage - Bloomberg

Saudi Oil Fields Are in the Firing Line as Gulf Conflicts Rage - Bloomberg:

Saudi Arabia’s oil fields, responsible for almost a 10th of global crude production, are in the firing line. Recently, they’ve been targeted by air, sea and land.

Flaring tensions in the Persian Gulf have seen some of the the world’s biggest crude deposits, along with processing and transport infrastructure and vessels, targeted by explosives-laden drones and bombings.

The threats to the kingdom’s crude production and infrastructure shine a light on the risk to global oil supply given that state-owned Saudi Aramco is the world’s largest exporter. Saudi Arabia’s more than 100 crude deposits contain some 257 billion barrels of proved oil reserves, the world’s biggest conventional finds.