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Supply disruption due to Saudi oil facility attack, largest ever

2019-09-17T02:52:55.221Z


[London 16 Reuters]-According to statistics from the International Energy Agency (IEA) over the past 50 years, the absolute amount of crude oil supply that ceases after a 14-day attack on a major oil facility in Saudi Arabia is the Iranian Revolution 40 years ago Time


[London 16 Reuters]-According to statistics from the International Energy Agency (IEA) over the past 50 years, the absolute amount of crude oil supply that ceases after a 14-day attack on a major oil facility in Saudi Arabia is the Iranian Revolution 40 years ago It surpassed the supply disruption of the time and became the largest ever.

According to a statement by Saudi Aramco, Saudi national oil company, oil production in the country is expected to decrease by 5.7 million barrels per day. It is not yet clear when the oil facility will resume operation.

During the 1979 Iranian Revolution, the daily supply of 5.6 million barrels was stopped.

On the other hand, as a percentage of global crude oil demand, the supply disruption during the Iranian Revolution was about 9%, more than just over 5% in Saudi Arabia.

Source: asahi

All news articles on 2019-09-17

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