One Month After Worst Oil-Supply Halt, Aramco Says All Clear
- Aramco restores most output capacity, repairs processing units
- Saudis pumping as much oil as before aerial surprise attacks
This article is for subscribers only.
In the early hours of a sweltering Saturday in September, a volley of missiles pierced the heart of Saudi Arabia’s oil industry, knocking out 5% of global production. A month later, it’s as if the attack never happened.
Saudi Aramco says it’s currently pumping 9.9 million barrels a day, the same as before the Sept. 14 attacks at Abqaiq, the world’s biggest oil-processing facility, and the field at Khurais. While the attacks laid bare Saudi Arabia’s vulnerability to major disruptions, Brent crude has slid below where it was beforehand, trading Monday at less than $60 a barrel.