Tag Archives: Saudi Aramco

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 demonstration of the oil sector’s vulnerability hasn’t come at a good time for the Saudis.

Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year.

Saudi Aramco describes its Abqaiq oil processing facility there as ".the largest crude oil stabilization plant in the world.".

Russia continues its coordination with the Organization of the Petroleum Exporting Countries (OPEC) on the global oil market.

Aramco plans to float around five per cent of the state-owned company in 2020 or 2021.