Category: Oil prices

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On 14 September 2019, Saudi Arabia suffered a drone attack targeting the Abqaiq crude oil processing facility and the nearby Khurais oil field. Described as ‘the heart of Saudi production’, Abqaiq processes c.7 million barrels per day (bpd), roughly 70% of current Saudi output, while Khurais produces around 1.5 million… Read the article