logo
 
Saudi Arabia's energy minister has said that more than half of the country's daily crude oil production that was knocked out by an attack had been recovered. He said that the production capacity at its targeted plants would be fully restored by the end of the month.

The attack early Saturday struck a Saudi oil field and the world's largest crude oil processing plant in the kingdom's eastern region. The oil field was taking



out 5.7 million barrels of crude oil production per day for the kingdom, about 5 per cent of the world's daily production.

The Minister's briefing to reporters was highly anticipated around the world, with oil prices spiking more than 14 per cent on Monday, the first day of trading after the attacks. It was the biggest single-day jump in years due to the damaging attack.




No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Do you think Ruturaj Gaikwad would be a good captain for Chennai Super Kings?

Yes
No
Can't Say