Tuesday 17 September 2019

Saudis yet to brief OPEC colleagues, IEA on oil outage: sources - Reuters

Saudis yet to brief OPEC colleagues, IEA on oil outage: sources - Reuters:

Saudi Arabia has yet to brief fellow OPEC members and other energy sector players about how long it will take to restore the country’s oil output, OPEC and industry sources said as Riyadh tries to assess damage from the weekend’s crippling attacks.

Saturday’s attacks on oil facilities will cut the kingdom’s output by 5.7 million barrels per day, state-run producer Saudi Aramco said. Sources have said a return to normal production could take months. 


The United States has said it looked like Iran was behind the strike at the heart of the Saudi oil industry, which cut 5% of global production. Iran denied it was to blame.

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