Wednesday, 18 September 2019

MIDEAST STOCKS- #Saudi shares rise as oil supply disruption eases - Agricultural Commodities - Reuters

MIDEAST STOCKS-Saudi shares rise as oil supply disruption eases - Agricultural Commodities - Reuters:

Saudi Arabian stocks rose in early trade on Wednesday as oil supply fears eased after Riyadh said oil production lost as a result of weekend attacks on two Aramco plants would be restored by the end of September.

Yemen’s Iran-aligned Houthi group said it had attacked the plants, at the heart of Saudi Arabia’s oil industry on Saturday, knocking out about 5% of global supply. 


Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that average oil production in September and October would be 9.89 million barrels per day and that the world’s top oil exporter would ensure full oil supply commitments to its customers this month.

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