Tag Archives: Saudi Arabia

The attacks early on Saturday morning knocked 5% off the world’s total oil supply.

Aramco had put out 10 fires in the span of seven hours after the ".huge". assault.

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.

Brazil’s oil production is set to grow in the near term.

Recent attacks on Saudi oil facility would have short-term impacts on oil market.

Analysts predict that if disruption to production lasts for too long. oil prices will spike.

The attack on the kingdom’s most important oil production facility has crimped the availability of lighter grades such as Arab Extra Light and Arab Light.

Iraq calls on all parties to stop carrying out reciprocal attacks and causing huge human and facility losses.

A sharp rise in oil prices also comes at a delicate time for the global economy.

The emergency stockpile is stored in huge underground salt caverns along the U.S. Gulf Coast.