Aramco Fully Restores Oil Output as It Recovers From Attacks - Bloomberg:
Saudi Aramco is producing more than 9.9 million barrels a day of crude as it fully recovers from the worst-ever attacks on its energy infrastructure.
Output reached that level on Sept. 25 and is a “little bit” higher now, Ibrahim Al-Buainain, chief executive officer of state-owned Aramco’s energy trading unit, said at Fujairah in the United Arab Emirates. Saudi Arabia has also restored some spare capacity following the Sept. 14 attacks, he said.
The aerial attacks highlighted the fragility of global supply chains and the vulnerability of an industry that is Saudi Arabia’s lifeblood. They also underscored the risk to reliable energy flows from the Persian Gulf after a series of tanker bombings in May and June.
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