$100 Oil? Drone Strikes Halt Half Of Saudi Crude Production | OilPrice.com

Drones attacked Abqaiq facility in Saudi Arabia and the Khurais oil field run by Saudi Aramco early Saturday morning, the kingdom’s interior ministry said, sparking a massive fire at a crude processing plat essential to global oil supplies.

The closure will impact nearly 5 million barrels of crude processing per day, affecting 5 percent of the world’s daily oil production. And while Aramco is confident that it can recover quickly, if it can’t, however the world is could face a production shortage of as much 150MM barrels per month. An outcome which could send oil prices into the triple digits.

— Read on oilprice.com/Geopolitics/International/100-Oil-Drone-Strikes-Halt-Half-Of-Saudi-Crude-Production.html

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