Oil

The attacks halved the crude output of the world'.s top oil exporter. by shutting down 5.7 million barrels per day.

The unprecedented attack knocked out more than half of Saudi crude output. or five percent of global supply.

Iranian oil minister Bijan Zanganeh warned against the use of oil as a weapon. calling for its free trade in international markets.

Energy Minister Prince Abdulaziz bin Salman announced production would be back online to normal levels by the end of the month.

East Oil and Gas Production Company is destined to add 2.5 million cubic meters to gas production capacity in Khangiran district. northeastern Iran. CEO of the company announced.

Saudi Arabia. the world'.s largest crude exporter. has filed a request to supply gasoline from Iran after a sudden cut of domestic supplies due to the recent Yemeni drone attacks on its major oil facilities.

The Islamic Revolution Guards Corps (IRGC) captured a vessel in the Persian Gulf for smuggling 250.000 liters of diesel fuel.

There is enough oil in global stockpiles to replace barrels Saudi Arabia had temporary lost due to the attacks.

Deputy Director for Development and Engineering Affairs at the National Iranian Oil Company (NIOC) Reza Dehqan said that his country is steadily developing its oil and gas projects. reminding that Washington’s sanctions are nothing new to Tehran.

A senior Iranian oil official said that the industry is developing in the country despite the US’ economic sanctions.