Saudi Arabia's oil supply fully back online -energy minister
Saudi Arabia's energy minister said that 50% of the production cut by the attack on its oil processing plant had been restored. The prince added that within this month, production capacity will be up to 11 million barrels per day by the end of September. It had been around 9.6 milllion barrels per day before the attack.
- Economy
- Reuters
- Published Date: 09:44 | 17 September 2019
- Modified Date: 09:44 | 17 September 2019
Saudi Arabia's oil supply is fully back online after weekend attacks halved output and the kingdom will achieve 11 million barrels per day (bpd) capacity by the end of September and 12 million bpd by the end of November, the energy minister said on Tuesday.
Minister Prince Abdulaziz bin Salman also told a press conference that oil production in October would be 9.89 million bpd and that the world's top oil exporter would keep full oil supplies to customers this month.
He said Saudi Arabia would keep its role as the secure supplier of global oil markets, adding that the kingdom needed to take strict measures to prevent further attacks.