Tag Archives: Saudi Aramco

Saudi Arabia has positioned itself as the swing supplier in global markets for decades.

The Khurais facility is now producing over 1.3 million barrels per day. while the Abqaiq plant is producing approximately 3 million.

Saudi'.s oil production from Khurais is now at more than 1.3 million bpd.

Aramco held kickoff meetings with the top banks in Dubai last week.

Aramco is moving fast to add banks in junior roles on the deal after choosing the top underwriters last week.

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

Aramco already brought back part of the lost production and will return to pre-attacks level end of September.

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.