One Month After Worst Oil-Supply Halt, Aramco Says All Clear - Bloomberg

One Month After Worst Oil-Supply Halt, Aramco Says All Clear - Bloomberg:

In the early hours of a sweltering Saturday in September, a volley of missiles pierced the heart of Saudi Arabia’s oil industry, knocking out 5% of global production. A month later, it’s as if the attack never happened.

Saudi Aramco says it’s currently pumping 9.9 million barrels a day, the same as before the Sept. 14 surprise attacks at Abqaiq, the world’s biggest oil-processing facility, and the field at Khurais. While the attacks laid bare Saudi Arabia’s vulnerability to major disruptions, Brent crude has slid below where it was beforehand, trading Monday at less than $60 a barrel.

Shiny, freshly painted spherical tanks that separate oil from natural gas and water are back at work at Abqaiq, company officials told reporters touring the damaged sites on Saturday. On an earlier visit to Abqaiq one week after the assaults, gaping holes showed where projectiles had punctured the same tanks. More repairs await; several crude stabilization towers are still charred and encased in scaffolding.