Sunday 15 September 2019

#SaudiArabia faces weeks without full oil production after attack | Financial Times

Saudi Arabia faces weeks without full oil production after attack | Financial Times:

Saudi Arabia faces weeks without full crude and gas production capacity after Saturday’s attack on the world’s most important oil facility.

While some officials in the kingdom have sought to reassure oil markets that production will come back quickly, people briefed on the matter say it could take far longer restore output to its maximum level.

“It will take weeks to ramp up and bring the complex to maximum capacity,” said one person close to the energy ministry.

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